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Oracle (ORCL) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Oracle (ORCL - Free Report) closed at $176.28, marking a -5.98% move from the previous day. This change lagged the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.89%.
Prior to today's trading, shares of the software maker had gained 28.41% outpaced the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
The investment community will be paying close attention to the earnings performance of Oracle in its upcoming release. In that report, analysts expect Oracle to post earnings of $1.97 per share. This would mark year-over-year growth of 15.88%. Meanwhile, the latest consensus estimate predicts the revenue to be $19.08 billion, indicating a 19.99% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.45 per share and revenue of $67.21 billion, indicating changes of +23.55% and +17.09%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Oracle. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. Right now, Oracle possesses a Zacks Rank of #3 (Hold).
Investors should also note Oracle's current valuation metrics, including its Forward P/E ratio of 25.17. This signifies a premium in comparison to the average Forward P/E of 16.62 for its industry.
We can also see that ORCL currently has a PEG ratio of 1.46. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Software industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 63, positioning it in the top 26% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Oracle (ORCL) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Oracle (ORCL - Free Report) closed at $176.28, marking a -5.98% move from the previous day. This change lagged the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.89%.
Prior to today's trading, shares of the software maker had gained 28.41% outpaced the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
The investment community will be paying close attention to the earnings performance of Oracle in its upcoming release. In that report, analysts expect Oracle to post earnings of $1.97 per share. This would mark year-over-year growth of 15.88%. Meanwhile, the latest consensus estimate predicts the revenue to be $19.08 billion, indicating a 19.99% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.45 per share and revenue of $67.21 billion, indicating changes of +23.55% and +17.09%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Oracle. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. Right now, Oracle possesses a Zacks Rank of #3 (Hold).
Investors should also note Oracle's current valuation metrics, including its Forward P/E ratio of 25.17. This signifies a premium in comparison to the average Forward P/E of 16.62 for its industry.
We can also see that ORCL currently has a PEG ratio of 1.46. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Software industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 63, positioning it in the top 26% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.