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UiPath (PATH) Stock Drops Despite Market Gains: Important Facts to Note
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UiPath (PATH - Free Report) closed at $22.67 in the latest trading session, marking a -0.48% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.12%.
The the stock of enterprise automation software developer has fallen by 2.48% in the past month, lagging the Business Services sector's loss of 0.32% and the S&P 500's gain of 3.55%.
Market participants will be closely following the financial results of UiPath in its upcoming release. The company is forecasted to report an EPS of $0.11, showcasing no movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $332.84 million, up 14.93% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.57 per share and a revenue of $1.52 billion, demonstrating changes of +5.56% and +15.86%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for UiPath. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 82.09% higher. UiPath is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note UiPath's current valuation metrics, including its Forward P/E ratio of 39.77. This represents a premium compared to its industry's average Forward P/E of 27.58.
Investors should also note that PATH has a PEG ratio of 1.77 right now. 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 1.75 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 34% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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UiPath (PATH) Stock Drops Despite Market Gains: Important Facts to Note
UiPath (PATH - Free Report) closed at $22.67 in the latest trading session, marking a -0.48% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.12%.
The the stock of enterprise automation software developer has fallen by 2.48% in the past month, lagging the Business Services sector's loss of 0.32% and the S&P 500's gain of 3.55%.
Market participants will be closely following the financial results of UiPath in its upcoming release. The company is forecasted to report an EPS of $0.11, showcasing no movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $332.84 million, up 14.93% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.57 per share and a revenue of $1.52 billion, demonstrating changes of +5.56% and +15.86%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for UiPath. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 82.09% higher. UiPath is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note UiPath's current valuation metrics, including its Forward P/E ratio of 39.77. This represents a premium compared to its industry's average Forward P/E of 27.58.
Investors should also note that PATH has a PEG ratio of 1.77 right now. 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 1.75 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 34% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.