Atlassian Corporation PLC (TEAM - Free Report) closed the most recent trading day at $127.71, moving +1.01% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.61%. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 0.53%.
Coming into today, shares of the company had gained 7.9% in the past month. In that same time, the Computer and Technology sector lost 8.25%, while the S&P 500 lost 3.77%.
Wall Street will be looking for positivity from TEAM as it approaches its next earnings report date. On that day, TEAM is projected to report earnings of $0.16 per share, which would represent year-over-year growth of 23.08%. Our most recent consensus estimate is calling for quarterly revenue of $330.53 million, up 35.59% from the year-ago period.
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.
Investors might also notice recent changes to analyst estimates for TEAM. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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 sporting a Zacks Rank of #3 (Hold).
In terms of valuation, TEAM is currently trading at a Forward P/E ratio of 154.81. This represents a premium compared to its industry's average Forward P/E of 56.57.
Investors should also note that TEAM has a PEG ratio of 8.47 right now. 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 2.71 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 66, which puts it in the top 26% 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.