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Salesforce.com (CRM) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Salesforce.com (CRM - Free Report) closed at $216.97, marking a -1.03% move from the previous day. This change lagged the S&P 500's daily loss of 0.37%.
Coming into today, shares of the customer-management software developer had lost 3.98% in the past month. In that same time, the Computer and Technology sector lost 8.73%, while the S&P 500 lost 6.01%.
Wall Street will be looking for positivity from Salesforce.com as it approaches its next earnings report date. This is expected to be March 1, 2022. In that report, analysts expect Salesforce.com to post earnings of $0.73 per share. This would mark a year-over-year decline of 29.81%. Our most recent consensus estimate is calling for quarterly revenue of $7.23 billion, up 24.28% from the year-ago period.
Any recent changes to analyst estimates for Salesforce.com should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant. Salesforce.com currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Salesforce.com is currently trading at a Forward P/E ratio of 46.85. For comparison, its industry has an average Forward P/E of 33.2, which means Salesforce.com is trading at a premium to the group.
Meanwhile, CRM's PEG ratio is currently 2.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computer - Software stocks are, on average, holding a PEG ratio of 2.68 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Salesforce.com (CRM) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Salesforce.com (CRM - Free Report) closed at $216.97, marking a -1.03% move from the previous day. This change lagged the S&P 500's daily loss of 0.37%.
Coming into today, shares of the customer-management software developer had lost 3.98% in the past month. In that same time, the Computer and Technology sector lost 8.73%, while the S&P 500 lost 6.01%.
Wall Street will be looking for positivity from Salesforce.com as it approaches its next earnings report date. This is expected to be March 1, 2022. In that report, analysts expect Salesforce.com to post earnings of $0.73 per share. This would mark a year-over-year decline of 29.81%. Our most recent consensus estimate is calling for quarterly revenue of $7.23 billion, up 24.28% from the year-ago period.
Any recent changes to analyst estimates for Salesforce.com should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant. Salesforce.com currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Salesforce.com is currently trading at a Forward P/E ratio of 46.85. For comparison, its industry has an average Forward P/E of 33.2, which means Salesforce.com is trading at a premium to the group.
Meanwhile, CRM's PEG ratio is currently 2.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computer - Software stocks are, on average, holding a PEG ratio of 2.68 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.