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Oracle (ORCL) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Oracle (ORCL - Free Report) was down 6.2% at $124.27. The stock's performance was behind the S&P 500's daily loss of 0.51%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 1.47%.
Prior to today's trading, shares of the software maker had lost 27.81% lagged the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Oracle in its forthcoming earnings report. On that day, Oracle is projected to report earnings of $1.72 per share, which would represent year-over-year growth of 17.01%. Alongside, our most recent consensus estimate is anticipating revenue of $19.13 billion, indicating a 28.14% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.03 per share and revenue of $89.73 billion. These totals would mark changes of +5.24% and +33.21%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Oracle. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. Oracle is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Oracle is holding a Forward P/E ratio of 16.49. This expresses no noticeable deviation compared to the average Forward P/E of 16.49 of its industry.
It's also important to note that ORCL currently trades at a PEG ratio of 0.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. ORCL's industry had an average PEG ratio of 1.26 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Oracle (ORCL) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Oracle (ORCL - Free Report) was down 6.2% at $124.27. The stock's performance was behind the S&P 500's daily loss of 0.51%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 1.47%.
Prior to today's trading, shares of the software maker had lost 27.81% lagged the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Oracle in its forthcoming earnings report. On that day, Oracle is projected to report earnings of $1.72 per share, which would represent year-over-year growth of 17.01%. Alongside, our most recent consensus estimate is anticipating revenue of $19.13 billion, indicating a 28.14% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.03 per share and revenue of $89.73 billion. These totals would mark changes of +5.24% and +33.21%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Oracle. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. Oracle is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Oracle is holding a Forward P/E ratio of 16.49. This expresses no noticeable deviation compared to the average Forward P/E of 16.49 of its industry.
It's also important to note that ORCL currently trades at a PEG ratio of 0.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. ORCL's industry had an average PEG ratio of 1.26 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.