Alteryx, Inc. (AYX - Free Report) closed at $117.23 in the latest trading session, marking a -0.19% move from the prior day. This change lagged the S&P 500's daily gain of 0.45%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.75%.
Coming into today, shares of the company had gained 22.63% in the past month. In that same time, the Computer and Technology sector gained 5.19%, while the S&P 500 gained 3.84%.
AYX will be looking to display strength as it nears its next earnings release. In that report, analysts expect AYX to post earnings of -$0.06 per share. This would mark year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $76.45 million, up 63.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.43 per share and revenue of $359.95 million, which would represent changes of +2250% and +76.18%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AYX. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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 1.68% higher. AYX currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, AYX is currently trading at a Forward P/E ratio of 271.73. For comparison, its industry has an average Forward P/E of 63.38, which means AYX is trading at a premium to the group.
Also, we should mention that AYX has a PEG ratio of 19.89. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Software stocks are, on average, holding a PEG ratio of 3.05 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.