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Datadog (DDOG) Stock Dips While Market Gains: Key Facts
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Datadog (DDOG - Free Report) closed at $222.75 in the latest trading session, marking a -1.71% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.91%.
Prior to today's trading, shares of the data analytics and cloud monitoring company had gained 6.78% outpaced the Computer and Technology sector's gain of 0.22% and the S&P 500's gain of 0.29%.
Investors will be eagerly watching for the performance of Datadog in its upcoming earnings disclosure. In that report, analysts expect Datadog to post earnings of $0.57 per share. This would mark year-over-year growth of 23.91%. Meanwhile, our latest consensus estimate is calling for revenue of $1.08 billion, up 30.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.39 per share and a revenue of $4.31 billion, signifying shifts of +16.59% and +25.71%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Datadog. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Datadog is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Datadog has a Forward P/E ratio of 94.97 right now. This indicates a premium in contrast to its industry's Forward P/E of 18.05.
Meanwhile, DDOG's PEG ratio is currently 6.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Datadog (DDOG) Stock Dips While Market Gains: Key Facts
Datadog (DDOG - Free Report) closed at $222.75 in the latest trading session, marking a -1.71% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.91%.
Prior to today's trading, shares of the data analytics and cloud monitoring company had gained 6.78% outpaced the Computer and Technology sector's gain of 0.22% and the S&P 500's gain of 0.29%.
Investors will be eagerly watching for the performance of Datadog in its upcoming earnings disclosure. In that report, analysts expect Datadog to post earnings of $0.57 per share. This would mark year-over-year growth of 23.91%. Meanwhile, our latest consensus estimate is calling for revenue of $1.08 billion, up 30.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.39 per share and a revenue of $4.31 billion, signifying shifts of +16.59% and +25.71%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Datadog. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Datadog is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Datadog has a Forward P/E ratio of 94.97 right now. This indicates a premium in contrast to its industry's Forward P/E of 18.05.
Meanwhile, DDOG's PEG ratio is currently 6.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.