Alteryx, Inc. closed at $109.98 in the latest trading session, marking a +0.85% move from the prior day. The stock lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the company had gained 22.25% over the past month, outpacing the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
Wall Street will be looking for positivity from AYX as it approaches its next earnings report date. In that report, analysts expect AYX to post earnings of -$0.06 per share. This would mark year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $76.45 million, up 63.35% from the year-ago period.
AYX's full-year Zacks Consensus Estimates are calling for earnings of $0.43 per share and revenue of $359.95 million. These results would represent year-over-year changes of +2250% and +76.18%, respectively.
It is also important to note the recent changes to analyst estimates for AYX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.68% higher within the past month. AYX is currently a Zacks Rank #2 (Buy).
Looking at its valuation, AYX is holding a Forward P/E ratio of 252.3. This represents a premium compared to its industry's average Forward P/E of 64.47.
We can also see that AYX currently has a PEG ratio of 18.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 2.6 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 89, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Alteryx, Inc. (AYX) Gains But Lags Market: What You Should Know
Alteryx, Inc. closed at $109.98 in the latest trading session, marking a +0.85% move from the prior day. The stock lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the company had gained 22.25% over the past month, outpacing the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
Wall Street will be looking for positivity from AYX as it approaches its next earnings report date. In that report, analysts expect AYX to post earnings of -$0.06 per share. This would mark year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $76.45 million, up 63.35% from the year-ago period.
AYX's full-year Zacks Consensus Estimates are calling for earnings of $0.43 per share and revenue of $359.95 million. These results would represent year-over-year changes of +2250% and +76.18%, respectively.
It is also important to note the recent changes to analyst estimates for AYX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.68% higher within the past month. AYX is currently a Zacks Rank #2 (Buy).
Looking at its valuation, AYX is holding a Forward P/E ratio of 252.3. This represents a premium compared to its industry's average Forward P/E of 64.47.
We can also see that AYX currently has a PEG ratio of 18.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 2.6 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 89, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.