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Oracle (ORCL) Stock Sinks As Market Gains: Here's Why
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Oracle (ORCL - Free Report) ended the recent trading session at $238.11, demonstrating a -2.23% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, lost 0.39%.
The stock of software maker has risen by 17.63% in the past month, leading the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 5.88%.
The investment community will be paying close attention to the earnings performance of Oracle in its upcoming release. In that report, analysts expect Oracle to post earnings of $1.47 per share. This would mark year-over-year growth of 5.76%. Alongside, our most recent consensus estimate is anticipating revenue of $15.01 billion, indicating a 12.83% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.73 per share and a revenue of $66.57 billion, signifying shifts of +11.61% and +15.97%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Oracle. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 0.49% higher within the past month. Oracle is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Oracle has a Forward P/E ratio of 36.19 right now. This signifies a premium in comparison to the average Forward P/E of 24.7 for its industry.
Meanwhile, ORCL's PEG ratio is currently 2.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Computer - Software industry held an average PEG ratio of 2.32.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% 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.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.
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Oracle (ORCL) Stock Sinks As Market Gains: Here's Why
Oracle (ORCL - Free Report) ended the recent trading session at $238.11, demonstrating a -2.23% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, lost 0.39%.
The stock of software maker has risen by 17.63% in the past month, leading the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 5.88%.
The investment community will be paying close attention to the earnings performance of Oracle in its upcoming release. In that report, analysts expect Oracle to post earnings of $1.47 per share. This would mark year-over-year growth of 5.76%. Alongside, our most recent consensus estimate is anticipating revenue of $15.01 billion, indicating a 12.83% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.73 per share and a revenue of $66.57 billion, signifying shifts of +11.61% and +15.97%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Oracle. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 0.49% higher within the past month. Oracle is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Oracle has a Forward P/E ratio of 36.19 right now. This signifies a premium in comparison to the average Forward P/E of 24.7 for its industry.
Meanwhile, ORCL's PEG ratio is currently 2.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Computer - Software industry held an average PEG ratio of 2.32.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% 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.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.