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Oracle (ORCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Oracle (ORCL - Free Report) ended the recent trading session at $139.56, demonstrating a -3.45% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
Coming into today, shares of the software maker had gained 5.27% in the past month. In that same time, the Computer and Technology sector lost 3.14%, while the S&P 500 gained 0.87%.
Investors will be eagerly watching for the performance of Oracle in its upcoming earnings disclosure. The company is expected to report EPS of $1.88, down 16.81% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $21.31 billion, indicating a 32.68% upward movement from the same quarter last year.
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.
Any recent changes to analyst estimates for Oracle should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 moved 0.21% higher. Oracle presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Oracle currently has a Forward P/E ratio of 17.79. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 17.79.
Also, we should mention that ORCL has a PEG ratio of 0.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computer - Software stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Computer - Software 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 Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
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Oracle (ORCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Oracle (ORCL - Free Report) ended the recent trading session at $139.56, demonstrating a -3.45% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
Coming into today, shares of the software maker had gained 5.27% in the past month. In that same time, the Computer and Technology sector lost 3.14%, while the S&P 500 gained 0.87%.
Investors will be eagerly watching for the performance of Oracle in its upcoming earnings disclosure. The company is expected to report EPS of $1.88, down 16.81% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $21.31 billion, indicating a 32.68% upward movement from the same quarter last year.
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.
Any recent changes to analyst estimates for Oracle should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 moved 0.21% higher. Oracle presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Oracle currently has a Forward P/E ratio of 17.79. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 17.79.
Also, we should mention that ORCL has a PEG ratio of 0.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computer - Software stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Computer - Software 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 Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.