Unisys closed the most recent trading day at $18.38, moving -0.16% from the previous trading session. This change lagged the S&P 500's 0.65% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 1.01%.
Heading into today, shares of the information technology service provider had lost 8.45% over the past month, outpacing the Computer and Technology sector's loss of 9.21% and lagging the S&P 500's loss of 6.82% in that time.
Wall Street will be looking for positivity from UIS as it approaches its next earnings report date. This is expected to be November 8, 2018. On that day, UIS is projected to report earnings of $0.46 per share, which would represent year-over-year growth of 156.79%. Meanwhile, our latest consensus estimate is calling for revenue of $682 million, up 2.36% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.92 per share and revenue of $2.78 billion. These totals would mark changes of +250% and +1.16%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for UIS. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. UIS is currently a Zacks Rank #1 (Strong Buy).
Investors should also note UIS's current valuation metrics, including its Forward P/E ratio of 9.59. This valuation marks a discount compared to its industry's average Forward P/E of 18.1.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.