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.
Salesforce (CRM) Advances While Market Declines: Some Information for Investors
Read MoreHide Full Article
Salesforce (CRM - Free Report) closed the most recent trading day at $227.80, moving +1.44% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 1.25%.
The stock of customer-management software developer has fallen by 8.03% in the past month, lagging the Computer and Technology sector's gain of 6.08% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Salesforce in its forthcoming earnings report. The company is predicted to post an EPS of $3.43, indicating a 5.54% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $11.46 billion, showing a 11.72% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $16.71 per share and a revenue of $46.25 billion, demonstrating changes of +33.47% and +11.38%, respectively, from the preceding year.
Any recent changes to analyst estimates for Salesforce should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. Salesforce presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Salesforce is presently being traded at a Forward P/E ratio of 13.44. This valuation marks a discount compared to its industry average Forward P/E of 20.39.
We can additionally observe that CRM currently boasts a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.19.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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
Salesforce (CRM) Advances While Market Declines: Some Information for Investors
Salesforce (CRM - Free Report) closed the most recent trading day at $227.80, moving +1.44% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 1.25%.
The stock of customer-management software developer has fallen by 8.03% in the past month, lagging the Computer and Technology sector's gain of 6.08% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Salesforce in its forthcoming earnings report. The company is predicted to post an EPS of $3.43, indicating a 5.54% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $11.46 billion, showing a 11.72% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $16.71 per share and a revenue of $46.25 billion, demonstrating changes of +33.47% and +11.38%, respectively, from the preceding year.
Any recent changes to analyst estimates for Salesforce should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. Salesforce presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Salesforce is presently being traded at a Forward P/E ratio of 13.44. This valuation marks a discount compared to its industry average Forward P/E of 20.39.
We can additionally observe that CRM currently boasts a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.19.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.