In the latest trading session, Atlassian Corporation PLC (TEAM - Free Report) closed at $106.75, marking a +1.43% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq added 0.36%.
Coming into today, shares of the company had gained 12.78% in the past month. In that same time, the Computer and Technology sector gained 8.83%, while the S&P 500 gained 6.17%.
TEAM will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.18, up 80% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $304.07 million, up 35.91% from the prior-year quarter.
TEAM's full-year Zacks Consensus Estimates are calling for earnings of $0.81 per share and revenue of $1.20 billion. These results would represent year-over-year changes of +65.31% and +36.82%, respectively.
Investors might also notice recent changes to analyst estimates for TEAM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TEAM currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, TEAM is holding a Forward P/E ratio of 129.36. Its industry sports an average Forward P/E of 54.68, so we one might conclude that TEAM is trading at a premium comparatively.
Investors should also note that TEAM has a PEG ratio of 9.58 right now. 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. TEAM's industry had an average PEG ratio of 2.87 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.