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UiPath (PATH) Declines More Than Market: Some Information for Investors
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In the latest close session, UiPath (PATH - Free Report) was down 7.86% at $17.06. The stock fell short of the S&P 500, which registered a loss of 2.71% for the day. Meanwhile, the Dow experienced a drop of 1.9%, and the technology-dominated Nasdaq saw a decrease of 3.56%.
Shares of the enterprise automation software developer have appreciated by 58.34% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.22%, and the S&P 500's gain of 3.5%.
Market participants will be closely following the financial results of UiPath in its upcoming release. It is anticipated that the company will report an EPS of $0.14, marking a 27.27% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $392.62 million, indicating a 10.71% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.65 per share and a revenue of $1.57 billion, representing changes of +22.64% and +10.07%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for UiPath. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 witnessed an unchanged state. UiPath currently has a Zacks Rank of #1 (Strong Buy).
In the context of valuation, UiPath is at present trading with a Forward P/E ratio of 28.55. For comparison, its industry has an average Forward P/E of 30.41, which means UiPath is trading at a discount to the group.
Investors should also note that PATH has a PEG ratio of 1.18 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.12.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 34% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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UiPath (PATH) Declines More Than Market: Some Information for Investors
In the latest close session, UiPath (PATH - Free Report) was down 7.86% at $17.06. The stock fell short of the S&P 500, which registered a loss of 2.71% for the day. Meanwhile, the Dow experienced a drop of 1.9%, and the technology-dominated Nasdaq saw a decrease of 3.56%.
Shares of the enterprise automation software developer have appreciated by 58.34% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.22%, and the S&P 500's gain of 3.5%.
Market participants will be closely following the financial results of UiPath in its upcoming release. It is anticipated that the company will report an EPS of $0.14, marking a 27.27% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $392.62 million, indicating a 10.71% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.65 per share and a revenue of $1.57 billion, representing changes of +22.64% and +10.07%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for UiPath. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 witnessed an unchanged state. UiPath currently has a Zacks Rank of #1 (Strong Buy).
In the context of valuation, UiPath is at present trading with a Forward P/E ratio of 28.55. For comparison, its industry has an average Forward P/E of 30.41, which means UiPath is trading at a discount to the group.
Investors should also note that PATH has a PEG ratio of 1.18 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.12.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 34% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.