We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dynatrace (DT) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
In the latest trading session, Dynatrace (DT - Free Report) closed at $59.26, marking a +2.63% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The software intellegence company's shares have seen an increase of 13.51% over the last month, surpassing the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
The upcoming earnings release of Dynatrace will be of great interest to investors. The company is forecasted to report an EPS of $0.49, showcasing a 11.36% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $567.79 million, showing a 14.97% escalation compared to the year-ago quarter.
DT's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $2.32 billion. These results would represent year-over-year changes of +14.71% and +14.99%, respectively.
Investors might also notice recent changes to analyst estimates for Dynatrace. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.34% lower. Dynatrace presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Dynatrace is presently trading at a Forward P/E ratio of 29.69. This indicates a premium in contrast to its industry's Forward P/E of 12.53.
Meanwhile, DT's PEG ratio is currently 2.02. 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. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.35.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 57, placing it within the top 24% of over 250 industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Dynatrace (DT) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Dynatrace (DT - Free Report) closed at $59.26, marking a +2.63% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The software intellegence company's shares have seen an increase of 13.51% over the last month, surpassing the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
The upcoming earnings release of Dynatrace will be of great interest to investors. The company is forecasted to report an EPS of $0.49, showcasing a 11.36% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $567.79 million, showing a 14.97% escalation compared to the year-ago quarter.
DT's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $2.32 billion. These results would represent year-over-year changes of +14.71% and +14.99%, respectively.
Investors might also notice recent changes to analyst estimates for Dynatrace. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.34% lower. Dynatrace presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Dynatrace is presently trading at a Forward P/E ratio of 29.69. This indicates a premium in contrast to its industry's Forward P/E of 12.53.
Meanwhile, DT's PEG ratio is currently 2.02. 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. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.35.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 57, placing it within the top 24% of over 250 industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.