We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Salesforce.com (CRM) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
The latest trading session saw Salesforce.com (CRM - Free Report) ending at $206.85, denoting a -0.01% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.43%. At the same time, the Dow added 0.19%, and the tech-heavy Nasdaq gained 0.71%.
The customer-management software developer's shares have seen a decrease of 6.67% over the last month, not keeping up with the Computer and Technology sector's loss of 1.56% and the S&P 500's loss of 2.1%.
Investors will be eagerly watching for the performance of Salesforce.com in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.06, marking a 47.14% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.71 billion, up 11.08% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.06 per share and revenue of $34.75 billion. These totals would mark changes of +53.82% and +10.84%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Salesforce.com. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% higher. At present, Salesforce.com boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Salesforce.com is currently being traded at a Forward P/E ratio of 25.68. This signifies a discount in comparison to the average Forward P/E of 28 for its industry.
It is also worth noting that CRM currently has a PEG ratio of 1.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 2.26 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Salesforce.com (CRM) Stock Dips While Market Gains: Key Facts
The latest trading session saw Salesforce.com (CRM - Free Report) ending at $206.85, denoting a -0.01% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.43%. At the same time, the Dow added 0.19%, and the tech-heavy Nasdaq gained 0.71%.
The customer-management software developer's shares have seen a decrease of 6.67% over the last month, not keeping up with the Computer and Technology sector's loss of 1.56% and the S&P 500's loss of 2.1%.
Investors will be eagerly watching for the performance of Salesforce.com in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.06, marking a 47.14% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.71 billion, up 11.08% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.06 per share and revenue of $34.75 billion. These totals would mark changes of +53.82% and +10.84%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Salesforce.com. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% higher. At present, Salesforce.com boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Salesforce.com is currently being traded at a Forward P/E ratio of 25.68. This signifies a discount in comparison to the average Forward P/E of 28 for its industry.
It is also worth noting that CRM currently has a PEG ratio of 1.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 2.26 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.