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Oracle (ORCL) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Oracle (ORCL - Free Report) closed at $95.44, marking a +0.3% move from the previous day. This move outpaced the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq lost 4.87%.
Coming into today, shares of the software maker had gained 8.11% in the past month. In that same time, the Computer and Technology sector gained 0.98%, while the S&P 500 gained 3.31%.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. On that day, Oracle is projected to report earnings of $1.58 per share, which would represent year-over-year growth of 2.6%. Our most recent consensus estimate is calling for quarterly revenue of $13.74 billion, up 16.04% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.04 per share and revenue of $49.86 billion. These totals would mark changes of +2.86% and +17.47%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Oracle. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.15% higher. Oracle is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Oracle is currently trading at a Forward P/E ratio of 18.89. Its industry sports an average Forward P/E of 27.47, so we one might conclude that Oracle is trading at a discount comparatively.
Meanwhile, ORCL's PEG ratio is currently 2.36. 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. The Computer - Software was holding an average PEG ratio of 2.19 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 109, which puts it in the top 44% 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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Oracle (ORCL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Oracle (ORCL - Free Report) closed at $95.44, marking a +0.3% move from the previous day. This move outpaced the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq lost 4.87%.
Coming into today, shares of the software maker had gained 8.11% in the past month. In that same time, the Computer and Technology sector gained 0.98%, while the S&P 500 gained 3.31%.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. On that day, Oracle is projected to report earnings of $1.58 per share, which would represent year-over-year growth of 2.6%. Our most recent consensus estimate is calling for quarterly revenue of $13.74 billion, up 16.04% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.04 per share and revenue of $49.86 billion. These totals would mark changes of +2.86% and +17.47%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Oracle. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.15% higher. Oracle is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Oracle is currently trading at a Forward P/E ratio of 18.89. Its industry sports an average Forward P/E of 27.47, so we one might conclude that Oracle is trading at a discount comparatively.
Meanwhile, ORCL's PEG ratio is currently 2.36. 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. The Computer - Software was holding an average PEG ratio of 2.19 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 109, which puts it in the top 44% 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.