We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Oracle (ORCL) Fell More Than Broader Market
Read MoreHide Full Article
In the latest trading session, Oracle (ORCL - Free Report) closed at $172.80, marking a -1.2% move from the previous day. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the software maker had lost 11.31% over the past month, lagging the Computer and Technology sector's gain of 1.46% and the S&P 500's gain of 0.78%.
Investors will be eagerly watching for the performance of Oracle in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.7, marking a 15.65% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $16.9 billion, showing a 19.63% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.42 per share and revenue of $66.97 billion, which would represent changes of +23.05% and +16.68%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Oracle. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 witnessed a 1.03% increase. Oracle is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Oracle is currently exchanging hands at a Forward P/E ratio of 23.58. This valuation marks a premium compared to its industry average Forward P/E of 21.6.
We can also see that ORCL currently has a PEG ratio of 1.24. 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. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 1.82.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 41% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Oracle (ORCL) Fell More Than Broader Market
In the latest trading session, Oracle (ORCL - Free Report) closed at $172.80, marking a -1.2% move from the previous day. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the software maker had lost 11.31% over the past month, lagging the Computer and Technology sector's gain of 1.46% and the S&P 500's gain of 0.78%.
Investors will be eagerly watching for the performance of Oracle in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.7, marking a 15.65% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $16.9 billion, showing a 19.63% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.42 per share and revenue of $66.97 billion, which would represent changes of +23.05% and +16.68%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Oracle. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 witnessed a 1.03% increase. Oracle is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Oracle is currently exchanging hands at a Forward P/E ratio of 23.58. This valuation marks a premium compared to its industry average Forward P/E of 21.6.
We can also see that ORCL currently has a PEG ratio of 1.24. 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. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 1.82.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 41% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.