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Perficient (PRFT) Outpaces Stock Market Gains: What You Should Know

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Perficient (PRFT - Free Report) closed at $28.45 in the latest trading session, marking a +1.35% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 0.84%, while the tech-heavy Nasdaq added 1.42%.

Coming into today, shares of the information technology consulting firm had gained 3.5% in the past month. In that same time, the Computer and Technology sector gained 4.97%, while the S&P 500 gained 1.18%.

Investors will be hoping for strength from PRFT as it approaches its next earnings release. On that day, PRFT is projected to report earnings of $0.40 per share, which would represent year-over-year growth of 14.29%. Our most recent consensus estimate is calling for quarterly revenue of $131.21 million, up 8.49% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.71 per share and revenue of $530.69 million. These totals would mark changes of +7.55% and +6.48%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for PRFT. Recent revisions tend to reflect the latest 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.78% higher. PRFT is currently sporting a Zacks Rank of #2 (Buy).

Looking at its valuation, PRFT is holding a Forward P/E ratio of 16.58. Its industry sports an average Forward P/E of 23.64, so we one might conclude that PRFT is trading at a discount comparatively.

Meanwhile, PRFT's PEG ratio is currently 1.62. 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. The Computer - Services was holding an average PEG ratio of 2.11 at yesterday's closing price.

The Computer - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% 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.

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