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Oracle (ORCL) Falls More Steeply Than Broader Market: What Investors Need to Know
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Oracle (ORCL - Free Report) closed the most recent trading day at $125.51, moving -2.8% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq decreased by 2.6%.
The software maker's stock has dropped by 10.67% in the past month, falling short of the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Oracle in its upcoming release. It is anticipated that the company will report an EPS of $1.88, marking a 16.81% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $21.31 billion, showing a 32.68% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.13 per share and a revenue of $90.5 billion, signifying shifts of +6.55% and +34.36%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.71% upward. At present, Oracle boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Oracle is currently exchanging hands at a Forward P/E ratio of 15.89. This represents a discount compared to its industry average Forward P/E of 16.6.
Also, we should mention that ORCL has a PEG ratio of 0.75. 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 Computer - Software was holding an average PEG ratio of 1.42 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 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.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.
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Oracle (ORCL) Falls More Steeply Than Broader Market: What Investors Need to Know
Oracle (ORCL - Free Report) closed the most recent trading day at $125.51, moving -2.8% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq decreased by 2.6%.
The software maker's stock has dropped by 10.67% in the past month, falling short of the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Oracle in its upcoming release. It is anticipated that the company will report an EPS of $1.88, marking a 16.81% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $21.31 billion, showing a 32.68% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.13 per share and a revenue of $90.5 billion, signifying shifts of +6.55% and +34.36%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.71% upward. At present, Oracle boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Oracle is currently exchanging hands at a Forward P/E ratio of 15.89. This represents a discount compared to its industry average Forward P/E of 16.6.
Also, we should mention that ORCL has a PEG ratio of 0.75. 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 Computer - Software was holding an average PEG ratio of 1.42 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 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.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.