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UiPath (PATH) Outpaces Stock Market Gains: What You Should Know
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UiPath (PATH - Free Report) closed the most recent trading day at $20.82, moving +0.58% from the previous trading session. This change outpaced the S&P 500's 0.4% gain on the day. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq lost 0.7%.
Heading into today, shares of the enterprise automation software developer had gained 10.22% over the past month, lagging the Business Services sector's gain of 14.25% and the S&P 500's gain of 12.15% in that time.
Wall Street will be looking for positivity from UiPath as it approaches its next earnings report date. This is expected to be September 6, 2022. In that report, analysts expect UiPath to post earnings of -$0.11 per share. This would mark a year-over-year decline of 1200%. Meanwhile, our latest consensus estimate is calling for revenue of $230.04 million, up 17.66% from the prior-year quarter.
PATH's full-year Zacks Consensus Estimates are calling for earnings of -$0.01 per share and revenue of $1.08 billion. These results would represent year-over-year changes of -112.5% and +21.58%, respectively.
Investors might also notice recent changes to analyst estimates for UiPath. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. UiPath currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 139, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow PATH in the coming trading sessions, be sure to utilize Zacks.com.
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UiPath (PATH) Outpaces Stock Market Gains: What You Should Know
UiPath (PATH - Free Report) closed the most recent trading day at $20.82, moving +0.58% from the previous trading session. This change outpaced the S&P 500's 0.4% gain on the day. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq lost 0.7%.
Heading into today, shares of the enterprise automation software developer had gained 10.22% over the past month, lagging the Business Services sector's gain of 14.25% and the S&P 500's gain of 12.15% in that time.
Wall Street will be looking for positivity from UiPath as it approaches its next earnings report date. This is expected to be September 6, 2022. In that report, analysts expect UiPath to post earnings of -$0.11 per share. This would mark a year-over-year decline of 1200%. Meanwhile, our latest consensus estimate is calling for revenue of $230.04 million, up 17.66% from the prior-year quarter.
PATH's full-year Zacks Consensus Estimates are calling for earnings of -$0.01 per share and revenue of $1.08 billion. These results would represent year-over-year changes of -112.5% and +21.58%, respectively.
Investors might also notice recent changes to analyst estimates for UiPath. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. UiPath currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 139, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow PATH in the coming trading sessions, be sure to utilize Zacks.com.