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Alteryx, Inc. (AYX) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
Potlatch (PCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In the latest trading session, Alteryx, Inc. (AYX) closed at $80.66, marking a -0.68% move from the previous day. This change lagged the S&P 500's 0.61% loss on the day. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 0.56%.

Heading into today, shares of the company had gained 8.04% over the past month, outpacing the Computer and Technology sector's gain of 7.18% and the S&P 500's gain of 5.68% in that time.

Wall Street will be looking for positivity from AYX as it approaches its next earnings report date. The company is expected to report EPS of -$0.08, down 700% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $71.14 million, up 66.13% from the year-ago period.

AYX's full-year Zacks Consensus Estimates are calling for earnings of $0.40 per share and revenue of $349.38 million. These results would represent year-over-year changes of +2100% and +71.01%, respectively.

Investors should also note any recent changes to analyst estimates for AYX. These revisions help to show the ever-changing nature of 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 remained stagnant. AYX currently has a Zacks Rank of #1 (Strong Buy).

In terms of valuation, AYX is currently trading at a Forward P/E ratio of 203.02. For comparison, its industry has an average Forward P/E of 55.52, which means AYX is trading at a premium to the group.

It is also worth noting that AYX currently has a PEG ratio of 13.15. 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. The Internet - Software industry currently had an average PEG ratio of 3.17 as of yesterday's close.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 28% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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