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UiPath (PATH) Stock Sinks As Market Gains: What You Should Know
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In the latest close session, UiPath (PATH - Free Report) was down 2.38% at $12.32. The stock trailed the S&P 500, which registered a daily gain of 0.07%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.18%.
Shares of the enterprise automation software developer witnessed a gain of 1.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.22%, and the S&P 500's gain of 5.71%.
The upcoming earnings release of UiPath will be of great interest to investors. The company is expected to report EPS of $0.08, up 100% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $347.82 million, indicating a 9.98% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.56 per share and revenue of $1.55 billion, which would represent changes of +5.66% and +8.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for UiPath. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, UiPath boasts a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, UiPath is currently exchanging hands at a Forward P/E ratio of 22.69. This represents a discount compared to its industry average Forward P/E of 29.49.
One should further note that PATH currently holds a PEG ratio of 1.23. 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 2.22 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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UiPath (PATH) Stock Sinks As Market Gains: What You Should Know
In the latest close session, UiPath (PATH - Free Report) was down 2.38% at $12.32. The stock trailed the S&P 500, which registered a daily gain of 0.07%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.18%.
Shares of the enterprise automation software developer witnessed a gain of 1.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.22%, and the S&P 500's gain of 5.71%.
The upcoming earnings release of UiPath will be of great interest to investors. The company is expected to report EPS of $0.08, up 100% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $347.82 million, indicating a 9.98% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.56 per share and revenue of $1.55 billion, which would represent changes of +5.66% and +8.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for UiPath. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, UiPath boasts a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, UiPath is currently exchanging hands at a Forward P/E ratio of 22.69. This represents a discount compared to its industry average Forward P/E of 29.49.
One should further note that PATH currently holds a PEG ratio of 1.23. 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 2.22 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.