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Datadog (DDOG) Outperforms Broader Market: What You Need to Know
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Datadog (DDOG - Free Report) closed the most recent trading day at $139.07, moving +1.81% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.44%.
Shares of the data analytics and cloud monitoring company have depreciated by 3.09% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.68%, and the S&P 500's gain of 2.72%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 2.17% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $849.77 million, up 23.15% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.83 per share and revenue of $3.32 billion. These totals would mark changes of +0.55% and +23.65%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Datadog. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.93% higher. At present, Datadog boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Datadog is presently being traded at a Forward P/E ratio of 74.62. This signifies a premium in comparison to the average Forward P/E of 30.06 for its industry.
We can also see that DDOG currently has a PEG ratio of 8.9. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.26 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Datadog (DDOG) Outperforms Broader Market: What You Need to Know
Datadog (DDOG - Free Report) closed the most recent trading day at $139.07, moving +1.81% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.44%.
Shares of the data analytics and cloud monitoring company have depreciated by 3.09% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.68%, and the S&P 500's gain of 2.72%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 2.17% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $849.77 million, up 23.15% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.83 per share and revenue of $3.32 billion. These totals would mark changes of +0.55% and +23.65%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Datadog. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.93% higher. At present, Datadog boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Datadog is presently being traded at a Forward P/E ratio of 74.62. This signifies a premium in comparison to the average Forward P/E of 30.06 for its industry.
We can also see that DDOG currently has a PEG ratio of 8.9. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.26 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.