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Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Salesforce.com (CRM - Free Report) closed at $309.96, marking a +0.88% move from the previous day. This change outpaced the S&P 500's 0.09% gain on the day.
Coming into today, shares of the customer-management software developer had gained 12.76% in the past month. In that same time, the Computer and Technology sector gained 9.47%, while the S&P 500 gained 8.19%.
Wall Street will be looking for positivity from CRM as it approaches its next earnings report date. In that report, analysts expect CRM to post earnings of $0.92 per share. This would mark a year-over-year decline of 47.13%. Our most recent consensus estimate is calling for quarterly revenue of $6.79 billion, up 25.27% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.40 per share and revenue of $26.3 billion. These totals would mark changes of -10.57% and +23.74%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CRM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. CRM is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 69.91. Its industry sports an average Forward P/E of 39.6, so we one might conclude that CRM is trading at a premium comparatively.
It is also worth noting that CRM currently has a PEG ratio of 4.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.92 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% 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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Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Salesforce.com (CRM - Free Report) closed at $309.96, marking a +0.88% move from the previous day. This change outpaced the S&P 500's 0.09% gain on the day.
Coming into today, shares of the customer-management software developer had gained 12.76% in the past month. In that same time, the Computer and Technology sector gained 9.47%, while the S&P 500 gained 8.19%.
Wall Street will be looking for positivity from CRM as it approaches its next earnings report date. In that report, analysts expect CRM to post earnings of $0.92 per share. This would mark a year-over-year decline of 47.13%. Our most recent consensus estimate is calling for quarterly revenue of $6.79 billion, up 25.27% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.40 per share and revenue of $26.3 billion. These totals would mark changes of -10.57% and +23.74%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CRM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. CRM is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 69.91. Its industry sports an average Forward P/E of 39.6, so we one might conclude that CRM is trading at a premium comparatively.
It is also worth noting that CRM currently has a PEG ratio of 4.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.92 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% 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.