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.
Dynatrace (DT) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
Dynatrace (DT - Free Report) closed at $36.80 in the latest trading session, marking a -1.08% move from the prior day. The stock's change was less than the S&P 500's daily gain of 2.51%. On the other hand, the Dow registered a gain of 2.85%, and the technology-centric Nasdaq increased by 2.8%.
The stock of software intellegence company has fallen by 1.51% in the past month, lagging the Computer and Technology sector's loss of 0.84% and overreaching the S&P 500's loss of 1.66%.
The investment community will be paying close attention to the earnings performance of Dynatrace in its upcoming release. The company's earnings per share (EPS) are projected to be $0.39, reflecting a 18.18% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $520.17 million, indicating a 16.85% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.68 per share and a revenue of $2 billion, indicating changes of +20.86% and +18.02%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dynatrace. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Dynatrace is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Dynatrace is presently trading at a Forward P/E ratio of 19.56. This signifies a premium in comparison to the average Forward P/E of 12.98 for its industry.
It's also important to note that DT currently trades at a PEG ratio of 1.38. 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 1.12 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Dynatrace (DT) Stock Declines While Market Improves: Some Information for Investors
Dynatrace (DT - Free Report) closed at $36.80 in the latest trading session, marking a -1.08% move from the prior day. The stock's change was less than the S&P 500's daily gain of 2.51%. On the other hand, the Dow registered a gain of 2.85%, and the technology-centric Nasdaq increased by 2.8%.
The stock of software intellegence company has fallen by 1.51% in the past month, lagging the Computer and Technology sector's loss of 0.84% and overreaching the S&P 500's loss of 1.66%.
The investment community will be paying close attention to the earnings performance of Dynatrace in its upcoming release. The company's earnings per share (EPS) are projected to be $0.39, reflecting a 18.18% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $520.17 million, indicating a 16.85% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.68 per share and a revenue of $2 billion, indicating changes of +20.86% and +18.02%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dynatrace. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Dynatrace is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Dynatrace is presently trading at a Forward P/E ratio of 19.56. This signifies a premium in comparison to the average Forward P/E of 12.98 for its industry.
It's also important to note that DT currently trades at a PEG ratio of 1.38. 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 1.12 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.