Atlassian Corporation PLC (TEAM - Free Report) closed at $125.88 in the latest trading session, marking a -0.27% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.32%. Meanwhile, the Dow lost 1.41%, and the Nasdaq, a tech-heavy index, lost 1.51%.
Heading into today, shares of the company had gained 15.79% over the past month, outpacing the Computer and Technology sector's loss of 7.09% and the S&P 500's loss of 5.09% in that time.
Investors will be hoping for strength from TEAM as it approaches its next earnings release. In that report, analysts expect TEAM to post earnings of $0.16 per share. This would mark year-over-year growth of 23.08%. Meanwhile, our latest consensus estimate is calling for revenue of $330.53 million, up 35.59% from the prior-year quarter.
TEAM's full-year Zacks Consensus Estimates are calling for earnings of $0.82 per share and revenue of $1.21 billion. These results would represent year-over-year changes of +67.35% and +38%, respectively.
Any recent changes to analyst estimates for TEAM should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TEAM is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that TEAM has a Forward P/E ratio of 154.55 right now. Its industry sports an average Forward P/E of 55.76, so we one might conclude that TEAM is trading at a premium comparatively.
It is also worth noting that TEAM currently has a PEG ratio of 8.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TEAM's industry had an average PEG ratio of 2.75 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 89, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow TEAM in the coming trading sessions, be sure to utilize Zacks.com.