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Dynatrace (DT) Surpasses Market Returns: Some Facts Worth Knowing
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Dynatrace (DT - Free Report) ended the recent trading session at $37.69, demonstrating a +2.5% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.11%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.18%.
The stock of software intellegence company has fallen by 1.32% in the past month, leading the Computer and Technology sector's loss of 3.85% and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Dynatrace in its upcoming release. The company is predicted to post an EPS of $0.39, indicating a 18.18% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $520.17 million, indicating a 16.85% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.68 per share and a revenue of $2 billion, representing changes of +20.86% and +18.02%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dynatrace. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Dynatrace is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Dynatrace's current valuation metrics, including its Forward P/E ratio of 19.34. This valuation marks a premium compared to its industry average Forward P/E of 12.9.
It's also important to note that DT currently trades at a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computers - IT Services industry stood at 1.19 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Dynatrace (DT) Surpasses Market Returns: Some Facts Worth Knowing
Dynatrace (DT - Free Report) ended the recent trading session at $37.69, demonstrating a +2.5% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.11%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.18%.
The stock of software intellegence company has fallen by 1.32% in the past month, leading the Computer and Technology sector's loss of 3.85% and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Dynatrace in its upcoming release. The company is predicted to post an EPS of $0.39, indicating a 18.18% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $520.17 million, indicating a 16.85% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.68 per share and a revenue of $2 billion, representing changes of +20.86% and +18.02%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dynatrace. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Dynatrace is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Dynatrace's current valuation metrics, including its Forward P/E ratio of 19.34. This valuation marks a premium compared to its industry average Forward P/E of 12.9.
It's also important to note that DT currently trades at a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computers - IT Services industry stood at 1.19 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.