Atlassian Corporation PLC (TEAM - Free Report) closed the most recent trading day at $112.68, moving -1.54% from the previous trading session. This move lagged the S&P 500's daily gain of 0.66%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.46%.
Prior to today's trading, shares of the company had gained 3.58% over the past month. This has lagged the Computer and Technology sector's gain of 5.08% and the S&P 500's gain of 3.97% in that time.
Investors will be hoping for strength from TEAM as it approaches its next earnings release, which is expected to be April 17, 2019. The company is expected to report EPS of $0.18, up 80% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $304.09 million, up 35.92% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.82 per share and revenue of $1.20 billion. These totals would mark changes of +67.35% and +36.85%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for TEAM. These recent revisions tend to reflect the evolving nature of short-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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TEAM is currently a Zacks Rank #2 (Buy).
Looking at its valuation, TEAM is holding a Forward P/E ratio of 140.03. This represents a premium compared to its industry's average Forward P/E of 54.85.
We can also see that TEAM currently has a PEG ratio of 10.37. 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. Internet - Software stocks are, on average, holding a PEG ratio of 3.23 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.