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UiPath (PATH) Stock Sinks As Market Gains: What You Should Know
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UiPath (PATH - Free Report) closed the most recent trading day at $17.57, moving -0.68% from the previous trading session. This move lagged the S&P 500's daily gain of 0.74%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 11.47%.
Coming into today, shares of the enterprise automation software developer had lost 1.17% in the past month. In that same time, the Business Services sector gained 3.26%, while the S&P 500 gained 3.34%.
UiPath will be looking to display strength as it nears its next earnings release. On that day, UiPath is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 250%. Our most recent consensus estimate is calling for quarterly revenue of $282.13 million, up 16.47% from the year-ago period.
PATH's full-year Zacks Consensus Estimates are calling for earnings of $0.32 per share and revenue of $1.27 billion. These results would represent year-over-year changes of +128.57% and +19.74%, respectively.
Investors might also notice recent changes to analyst estimates for UiPath. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant within the past month. UiPath currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that UiPath has a Forward P/E ratio of 55.04 right now. This valuation marks a premium compared to its industry's average Forward P/E of 23.23.
Also, we should mention that PATH has a PEG ratio of 1.27. 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. PATH's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 111, putting it in the top 45% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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UiPath (PATH) Stock Sinks As Market Gains: What You Should Know
UiPath (PATH - Free Report) closed the most recent trading day at $17.57, moving -0.68% from the previous trading session. This move lagged the S&P 500's daily gain of 0.74%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 11.47%.
Coming into today, shares of the enterprise automation software developer had lost 1.17% in the past month. In that same time, the Business Services sector gained 3.26%, while the S&P 500 gained 3.34%.
UiPath will be looking to display strength as it nears its next earnings release. On that day, UiPath is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 250%. Our most recent consensus estimate is calling for quarterly revenue of $282.13 million, up 16.47% from the year-ago period.
PATH's full-year Zacks Consensus Estimates are calling for earnings of $0.32 per share and revenue of $1.27 billion. These results would represent year-over-year changes of +128.57% and +19.74%, respectively.
Investors might also notice recent changes to analyst estimates for UiPath. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant within the past month. UiPath currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that UiPath has a Forward P/E ratio of 55.04 right now. This valuation marks a premium compared to its industry's average Forward P/E of 23.23.
Also, we should mention that PATH has a PEG ratio of 1.27. 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. PATH's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 111, putting it in the top 45% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.