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Oracle (ORCL) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Oracle (ORCL - Free Report) closed at $186.61, marking a -3.29% move from the previous day. This change lagged the S&P 500's daily loss of 0.07%. Meanwhile, the Dow gained 0.32%, and the Nasdaq, a tech-heavy index, lost 0.51%.
Shares of the software maker have appreciated by 10.22% over the course of the past month, underperforming the Computer and Technology sector's gain of 12.26%, and outperforming the S&P 500's gain of 5.58%.
The upcoming earnings release of Oracle will be of great interest to investors. The company is forecasted to report an EPS of $1.96, showcasing a 15.29% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $19.08 billion, reflecting a 19.98% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.46 per share and a revenue of $67.22 billion, representing changes of +23.71% and +17.1%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Oracle. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% higher. At present, Oracle boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Oracle currently has a Forward P/E ratio of 25.88. This indicates a premium in contrast to its industry's Forward P/E of 16.03.
It's also important to note that ORCL currently trades at a PEG ratio of 1.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 34% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Oracle (ORCL) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Oracle (ORCL - Free Report) closed at $186.61, marking a -3.29% move from the previous day. This change lagged the S&P 500's daily loss of 0.07%. Meanwhile, the Dow gained 0.32%, and the Nasdaq, a tech-heavy index, lost 0.51%.
Shares of the software maker have appreciated by 10.22% over the course of the past month, underperforming the Computer and Technology sector's gain of 12.26%, and outperforming the S&P 500's gain of 5.58%.
The upcoming earnings release of Oracle will be of great interest to investors. The company is forecasted to report an EPS of $1.96, showcasing a 15.29% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $19.08 billion, reflecting a 19.98% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.46 per share and a revenue of $67.22 billion, representing changes of +23.71% and +17.1%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Oracle. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% higher. At present, Oracle boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Oracle currently has a Forward P/E ratio of 25.88. This indicates a premium in contrast to its industry's Forward P/E of 16.03.
It's also important to note that ORCL currently trades at a PEG ratio of 1.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 34% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.