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Oracle (ORCL) Dips More Than Broader Market: What You Should Know
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In the latest close session, Oracle (ORCL - Free Report) was down 4.61% at $120.04. This change lagged the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The software maker's stock has dropped by 20.12% in the past month, falling short of the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Oracle in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.72, indicating a 17.01% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $19.13 billion, indicating a 28.14% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.03 per share and revenue of $89.72 billion, which would represent changes of +5.24% and +33.2%, respectively, from the prior year.
Any recent changes to analyst estimates for Oracle should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Oracle is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Oracle is at present trading with a Forward P/E ratio of 15.66. This represents no noticeable deviation compared to its industry average Forward P/E of 15.66.
Investors should also note that ORCL has a PEG ratio of 0.64 right now. 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 currently had an average PEG ratio of 1.23 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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Oracle (ORCL) Dips More Than Broader Market: What You Should Know
In the latest close session, Oracle (ORCL - Free Report) was down 4.61% at $120.04. This change lagged the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The software maker's stock has dropped by 20.12% in the past month, falling short of the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Oracle in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.72, indicating a 17.01% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $19.13 billion, indicating a 28.14% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.03 per share and revenue of $89.72 billion, which would represent changes of +5.24% and +33.2%, respectively, from the prior year.
Any recent changes to analyst estimates for Oracle should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Oracle is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Oracle is at present trading with a Forward P/E ratio of 15.66. This represents no noticeable deviation compared to its industry average Forward P/E of 15.66.
Investors should also note that ORCL has a PEG ratio of 0.64 right now. 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 currently had an average PEG ratio of 1.23 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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.