We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
UiPath (PATH) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
UiPath (PATH - Free Report) closed at $16.65 in the latest trading session, marking a -1.54% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.67%.
Heading into today, shares of the enterprise automation software developer had gained 44.53% over the past month, outpacing the Business Services sector's gain of 10.54% and the S&P 500's gain of 8.32% in that time.
Wall Street will be looking for positivity from UiPath as it approaches its next earnings report date. In that report, analysts expect UiPath to post earnings of $0.07 per share. This would mark year-over-year growth of 40%. Our most recent consensus estimate is calling for quarterly revenue of $278.14 million, down 3.99% from the year-ago period.
Any recent changes to analyst estimates for UiPath should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. UiPath is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note UiPath's current valuation metrics, including its Forward P/E ratio of 153.73. Its industry sports an average Forward P/E of 23.23, so we one might conclude that UiPath is trading at a premium comparatively.
Meanwhile, PATH's PEG ratio is currently 5.04. 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 Technology Services industry currently had an average PEG ratio of 2.29 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
UiPath (PATH) Dips More Than Broader Markets: What You Should Know
UiPath (PATH - Free Report) closed at $16.65 in the latest trading session, marking a -1.54% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.67%.
Heading into today, shares of the enterprise automation software developer had gained 44.53% over the past month, outpacing the Business Services sector's gain of 10.54% and the S&P 500's gain of 8.32% in that time.
Wall Street will be looking for positivity from UiPath as it approaches its next earnings report date. In that report, analysts expect UiPath to post earnings of $0.07 per share. This would mark year-over-year growth of 40%. Our most recent consensus estimate is calling for quarterly revenue of $278.14 million, down 3.99% from the year-ago period.
Any recent changes to analyst estimates for UiPath should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. UiPath is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note UiPath's current valuation metrics, including its Forward P/E ratio of 153.73. Its industry sports an average Forward P/E of 23.23, so we one might conclude that UiPath is trading at a premium comparatively.
Meanwhile, PATH's PEG ratio is currently 5.04. 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 Technology Services industry currently had an average PEG ratio of 2.29 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.