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CrowdStrike Holdings (CRWD) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $194.62, marking a +1.17% move from the previous day. This move outpaced the S&P 500's daily gain of 0.29%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.07%.
Heading into today, shares of the cloud-based security company had gained 13.71% over the past month, outpacing the Computer and Technology sector's gain of 4.21% and the S&P 500's gain of 4.36% in that time.
Wall Street will be looking for positivity from CrowdStrike Holdings as it approaches its next earnings report date. This is expected to be August 30, 2022. On that day, CrowdStrike Holdings is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 154.55%. Our most recent consensus estimate is calling for quarterly revenue of $517.11 million, up 53.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.20 per share and revenue of $2.21 billion. These totals would mark changes of +79.1% and +51.94%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CrowdStrike Holdings. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CrowdStrike Holdings is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, CrowdStrike Holdings is holding a Forward P/E ratio of 160.06. This valuation marks a premium compared to its industry's average Forward P/E of 42.77.
Meanwhile, CRWD's PEG ratio is currently 4.17. 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. Internet - Software stocks are, on average, holding a PEG ratio of 2.61 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 141, which puts it in the bottom 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CrowdStrike Holdings (CRWD) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $194.62, marking a +1.17% move from the previous day. This move outpaced the S&P 500's daily gain of 0.29%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.07%.
Heading into today, shares of the cloud-based security company had gained 13.71% over the past month, outpacing the Computer and Technology sector's gain of 4.21% and the S&P 500's gain of 4.36% in that time.
Wall Street will be looking for positivity from CrowdStrike Holdings as it approaches its next earnings report date. This is expected to be August 30, 2022. On that day, CrowdStrike Holdings is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 154.55%. Our most recent consensus estimate is calling for quarterly revenue of $517.11 million, up 53.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.20 per share and revenue of $2.21 billion. These totals would mark changes of +79.1% and +51.94%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CrowdStrike Holdings. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CrowdStrike Holdings is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, CrowdStrike Holdings is holding a Forward P/E ratio of 160.06. This valuation marks a premium compared to its industry's average Forward P/E of 42.77.
Meanwhile, CRWD's PEG ratio is currently 4.17. 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. Internet - Software stocks are, on average, holding a PEG ratio of 2.61 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 141, which puts it in the bottom 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.