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Dynatrace (DT) Advances But Underperforms Market: Key Facts
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In the latest trading session, Dynatrace (DT - Free Report) closed at $41.19, marking a +1.08% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.65% for the day. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
Heading into today, shares of the software intellegence company had gained 6.23% over the past month, outpacing the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Dynatrace in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 7.14% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $549.3 million, up 15.07% from the prior-year quarter.
DT's full-year Zacks Consensus Estimates are calling for earnings of $1.94 per share and revenue of $2.33 billion. These results would represent year-over-year changes of +14.12% and +15.23%, respectively.
Investors should also note any recent changes to analyst estimates for Dynatrace. Recent revisions tend to reflect the latest 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 shifted 2.69% upward. Dynatrace is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dynatrace currently has a Forward P/E ratio of 20.97. This signifies a premium in comparison to the average Forward P/E of 14.15 for its industry.
Meanwhile, DT's PEG ratio is currently 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computers - IT Services industry had an average PEG ratio of 1.16 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Dynatrace (DT) Advances But Underperforms Market: Key Facts
In the latest trading session, Dynatrace (DT - Free Report) closed at $41.19, marking a +1.08% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.65% for the day. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
Heading into today, shares of the software intellegence company had gained 6.23% over the past month, outpacing the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Dynatrace in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 7.14% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $549.3 million, up 15.07% from the prior-year quarter.
DT's full-year Zacks Consensus Estimates are calling for earnings of $1.94 per share and revenue of $2.33 billion. These results would represent year-over-year changes of +14.12% and +15.23%, respectively.
Investors should also note any recent changes to analyst estimates for Dynatrace. Recent revisions tend to reflect the latest 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 shifted 2.69% upward. Dynatrace is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dynatrace currently has a Forward P/E ratio of 20.97. This signifies a premium in comparison to the average Forward P/E of 14.15 for its industry.
Meanwhile, DT's PEG ratio is currently 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computers - IT Services industry had an average PEG ratio of 1.16 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.