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UiPath (PATH) Stock Sinks As Market Gains: Here's Why
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UiPath (PATH - Free Report) closed at $14.79 in the latest trading session, marking a -3.77% move from the prior day. This change lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq added 0.25%.
Coming into today, shares of the enterprise automation software developer had lost 3.7% in the past month. In that same time, the Computer and Technology sector gained 1.58%, while the S&P 500 gained 1.57%.
The investment community will be closely monitoring the performance of UiPath in its forthcoming earnings report. The company is expected to report EPS of $0.25, down 3.85% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $464.86 million, indicating a 9.73% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.67 per share and a revenue of $1.59 billion, demonstrating changes of +26.42% and +11.52%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for UiPath. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.06% higher. At present, UiPath boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, UiPath is presently trading at a Forward P/E ratio of 23.03. This expresses a discount compared to the average Forward P/E of 23.72 of its industry.
We can additionally observe that PATH currently boasts a PEG ratio of 0.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. PATH's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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UiPath (PATH) Stock Sinks As Market Gains: Here's Why
UiPath (PATH - Free Report) closed at $14.79 in the latest trading session, marking a -3.77% move from the prior day. This change lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq added 0.25%.
Coming into today, shares of the enterprise automation software developer had lost 3.7% in the past month. In that same time, the Computer and Technology sector gained 1.58%, while the S&P 500 gained 1.57%.
The investment community will be closely monitoring the performance of UiPath in its forthcoming earnings report. The company is expected to report EPS of $0.25, down 3.85% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $464.86 million, indicating a 9.73% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.67 per share and a revenue of $1.59 billion, demonstrating changes of +26.42% and +11.52%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for UiPath. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.06% higher. At present, UiPath boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, UiPath is presently trading at a Forward P/E ratio of 23.03. This expresses a discount compared to the average Forward P/E of 23.72 of its industry.
We can additionally observe that PATH currently boasts a PEG ratio of 0.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. PATH's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.