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Oracle (ORCL) Stock Declines While Market Improves: Some Information for Investors
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Oracle (ORCL - Free Report) ended the recent trading session at $103.20, demonstrating a -0.44% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
The software maker's stock has dropped by 4.28% in the past month, falling short of the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29%.
Market participants will be closely following the financial results of Oracle in its upcoming release. The company's earnings per share (EPS) are projected to be $1.32, reflecting a 9.09% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $13.05 billion, up 6.32% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.54 per share and revenue of $53.56 billion, indicating changes of +8.2% and +7.22%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Oracle. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.2% higher. Oracle is currently a Zacks Rank #3 (Hold).
Looking at valuation, Oracle is presently trading at a Forward P/E ratio of 18.72. This indicates a discount in contrast to its industry's Forward P/E of 26.68.
Meanwhile, ORCL's PEG ratio is currently 2.13. 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. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 2.13.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 145, finds itself in the bottom 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Oracle (ORCL) Stock Declines While Market Improves: Some Information for Investors
Oracle (ORCL - Free Report) ended the recent trading session at $103.20, demonstrating a -0.44% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
The software maker's stock has dropped by 4.28% in the past month, falling short of the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29%.
Market participants will be closely following the financial results of Oracle in its upcoming release. The company's earnings per share (EPS) are projected to be $1.32, reflecting a 9.09% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $13.05 billion, up 6.32% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.54 per share and revenue of $53.56 billion, indicating changes of +8.2% and +7.22%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Oracle. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.2% higher. Oracle is currently a Zacks Rank #3 (Hold).
Looking at valuation, Oracle is presently trading at a Forward P/E ratio of 18.72. This indicates a discount in contrast to its industry's Forward P/E of 26.68.
Meanwhile, ORCL's PEG ratio is currently 2.13. 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. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 2.13.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 145, finds itself in the bottom 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.