We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Oracle (ORCL) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Oracle (ORCL - Free Report) closed the most recent trading day at $75.97, moving -0.5% from the previous trading session. This change lagged the S&P 500's 0.24% loss on the day. Meanwhile, the Dow lost 0.49%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Coming into today, shares of the software maker had lost 5.13% in the past month. In that same time, the Computer and Technology sector gained 0.63%, while the S&P 500 gained 0.73%.
Oracle will be looking to display strength as it nears its next earnings release. On that day, Oracle is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 0.86%. Meanwhile, our latest consensus estimate is calling for revenue of $10.51 billion, up 4.21% from the prior-year quarter.
ORCL's full-year Zacks Consensus Estimates are calling for earnings of $4.80 per share and revenue of $42.3 billion. These results would represent year-over-year changes of +2.78% and +4.49%, respectively.
It is also important to note the recent changes to analyst estimates for Oracle. These recent revisions tend to reflect the evolving nature of short-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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Oracle is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Oracle currently has a Forward P/E ratio of 15.92. This represents a discount compared to its industry's average Forward P/E of 31.68.
It is also worth noting that ORCL currently has a PEG ratio of 1.99. 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. ORCL's industry had an average PEG ratio of 2.62 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Oracle (ORCL) Dips More Than Broader Markets: What You Should Know
Oracle (ORCL - Free Report) closed the most recent trading day at $75.97, moving -0.5% from the previous trading session. This change lagged the S&P 500's 0.24% loss on the day. Meanwhile, the Dow lost 0.49%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Coming into today, shares of the software maker had lost 5.13% in the past month. In that same time, the Computer and Technology sector gained 0.63%, while the S&P 500 gained 0.73%.
Oracle will be looking to display strength as it nears its next earnings release. On that day, Oracle is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 0.86%. Meanwhile, our latest consensus estimate is calling for revenue of $10.51 billion, up 4.21% from the prior-year quarter.
ORCL's full-year Zacks Consensus Estimates are calling for earnings of $4.80 per share and revenue of $42.3 billion. These results would represent year-over-year changes of +2.78% and +4.49%, respectively.
It is also important to note the recent changes to analyst estimates for Oracle. These recent revisions tend to reflect the evolving nature of short-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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Oracle is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Oracle currently has a Forward P/E ratio of 15.92. This represents a discount compared to its industry's average Forward P/E of 31.68.
It is also worth noting that ORCL currently has a PEG ratio of 1.99. 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. ORCL's industry had an average PEG ratio of 2.62 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.