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UiPath (PATH) Registers a Bigger Fall Than the Market: Important Facts to Note
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UiPath (PATH - Free Report) ended the recent trading session at $13.82, demonstrating a -1.99% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, lost 0.83%.
Shares of the enterprise automation software developer witnessed a gain of 21.03% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.01%, and the S&P 500's gain of 3.52%.
The investment community will be paying close attention to the earnings performance of UiPath in its upcoming release. In that report, analysts expect UiPath to post earnings of $0.15 per share. This would mark no growth from the year-ago period. Simultaneously, our latest consensus estimate expects the revenue to be $397.59 million, showing a 9.91% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.8 per share and a revenue of $1.78 billion, representing changes of +11.11% and +14.48%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for UiPath. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has remained steady. UiPath is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, UiPath is presently being traded at a Forward P/E ratio of 17.63. Its industry sports an average Forward P/E of 21.72, so one might conclude that UiPath is trading at a discount comparatively.
Meanwhile, PATH's PEG ratio is currently 0.84. 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 1.2 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 108, this industry ranks in the top 44% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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UiPath (PATH) Registers a Bigger Fall Than the Market: Important Facts to Note
UiPath (PATH - Free Report) ended the recent trading session at $13.82, demonstrating a -1.99% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, lost 0.83%.
Shares of the enterprise automation software developer witnessed a gain of 21.03% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.01%, and the S&P 500's gain of 3.52%.
The investment community will be paying close attention to the earnings performance of UiPath in its upcoming release. In that report, analysts expect UiPath to post earnings of $0.15 per share. This would mark no growth from the year-ago period. Simultaneously, our latest consensus estimate expects the revenue to be $397.59 million, showing a 9.91% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.8 per share and a revenue of $1.78 billion, representing changes of +11.11% and +14.48%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for UiPath. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has remained steady. UiPath is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, UiPath is presently being traded at a Forward P/E ratio of 17.63. Its industry sports an average Forward P/E of 21.72, so one might conclude that UiPath is trading at a discount comparatively.
Meanwhile, PATH's PEG ratio is currently 0.84. 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 1.2 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 108, this industry ranks in the top 44% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.