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Oracle (ORCL) Gains But Lags Market: What You Should Know
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Oracle (ORCL - Free Report) closed the most recent trading day at $72.92, moving +0.3% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the software maker had gained 12.63% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 0.84% in that time.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. The company is expected to report EPS of $1.17, down 3.31% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.05 billion, up 16.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.97 per share and revenue of $49.62 billion. These totals would mark changes of +1.43% and +16.91%, respectively, from last year.
Investors should also note any 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. 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 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 has moved 0.19% lower. Oracle is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Oracle is holding a Forward P/E ratio of 14.61. Its industry sports an average Forward P/E of 23.49, so we one might conclude that Oracle is trading at a discount comparatively.
We can also see that ORCL currently has a PEG ratio of 1.83. 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. Computer - Software stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.
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Oracle (ORCL) Gains But Lags Market: What You Should Know
Oracle (ORCL - Free Report) closed the most recent trading day at $72.92, moving +0.3% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the software maker had gained 12.63% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 0.84% in that time.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. The company is expected to report EPS of $1.17, down 3.31% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.05 billion, up 16.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.97 per share and revenue of $49.62 billion. These totals would mark changes of +1.43% and +16.91%, respectively, from last year.
Investors should also note any 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. 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 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 has moved 0.19% lower. Oracle is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Oracle is holding a Forward P/E ratio of 14.61. Its industry sports an average Forward P/E of 23.49, so we one might conclude that Oracle is trading at a discount comparatively.
We can also see that ORCL currently has a PEG ratio of 1.83. 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. Computer - Software stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.