In the latest trading session, Oracle (ORCL - Free Report) closed at $53.26, marking a +1.27% move from the previous day. This move outpaced the S&P 500's daily gain of 1.05%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 1.66%.
Heading into today, shares of the software maker had lost 1.82% over the past month, outpacing the Computer and Technology sector's loss of 3.49% and lagging the S&P 500's loss of 0.08% in that time.
Investors will be hoping for strength from ORCL as it approaches its next earnings release, which is expected to be June 19, 2019. On that day, ORCL is projected to report earnings of $1.07 per share, which would represent year-over-year growth of 8.08%. Meanwhile, our latest consensus estimate is calling for revenue of $10.96 billion, down 2.66% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for ORCL. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.46% higher. ORCL currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, ORCL is holding a Forward P/E ratio of 13.98. This represents a discount compared to its industry's average Forward P/E of 29.55.
We can also see that ORCL currently has a PEG ratio of 1.43. 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. Computer - Software stocks are, on average, holding a PEG ratio of 2.17 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 40% 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.