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Salesforce.com (CRM) Dips More Than Broader Markets: What You Should Know
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Salesforce.com (CRM - Free Report) closed the most recent trading day at $206.40, moving -0.72% from the previous trading session. This move lagged the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the customer-management software developer had lost 10.09% over the past month, lagging the Computer and Technology sector's loss of 8.71% and the S&P 500's loss of 6.25% in that time.
Salesforce.com will be looking to display strength as it nears its next earnings release, which is expected to be March 1, 2022. The company is expected to report EPS of $0.73, down 29.81% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.23 billion, up 24.28% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Salesforce.com. 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. 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. Salesforce.com is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Salesforce.com is holding a Forward P/E ratio of 44.43. This represents a premium compared to its industry's average Forward P/E of 32.01.
Also, we should mention that CRM has a PEG ratio of 2.65. 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. The Computer - Software was holding an average PEG ratio of 2.65 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 29% 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.
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Salesforce.com (CRM) Dips More Than Broader Markets: What You Should Know
Salesforce.com (CRM - Free Report) closed the most recent trading day at $206.40, moving -0.72% from the previous trading session. This move lagged the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the customer-management software developer had lost 10.09% over the past month, lagging the Computer and Technology sector's loss of 8.71% and the S&P 500's loss of 6.25% in that time.
Salesforce.com will be looking to display strength as it nears its next earnings release, which is expected to be March 1, 2022. The company is expected to report EPS of $0.73, down 29.81% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.23 billion, up 24.28% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Salesforce.com. 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. 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. Salesforce.com is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Salesforce.com is holding a Forward P/E ratio of 44.43. This represents a premium compared to its industry's average Forward P/E of 32.01.
Also, we should mention that CRM has a PEG ratio of 2.65. 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. The Computer - Software was holding an average PEG ratio of 2.65 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 29% 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.