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Alteryx, Inc. (AYX) Gains But Lags Market: What You Should Know

Zacks Equity Research
Home Depot (HD) closed the most recent trading day at $215.61, moving -0.76% from the previous trading session.

Alteryx, Inc. (AYX) closed the most recent trading day at $84.42, moving +0.66% from the previous trading session. This move lagged the S&P 500's daily gain of 1.16%. Elsewhere, the Dow gained 1.27%, while the tech-heavy Nasdaq added 1.29%.

Heading into today, shares of the company had gained 9.91% over the past month, outpacing the Computer and Technology sector's gain of 3.18% and the S&P 500's gain of 1.92% in that time.

Investors will be hoping for strength from AYX as it approaches its next earnings release. On that day, AYX is projected to report earnings of -$0.08 per share, which would represent a year-over-year decline of 700%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 116.97% higher. AYX is currently a Zacks Rank #1 (Strong Buy).

Digging into valuation, AYX currently has a Forward P/E ratio of 209.68. This represents a premium compared to its industry's average Forward P/E of 56.37.

It is also worth noting that AYX currently has a PEG ratio of 13.58. 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. AYX's industry had an average PEG ratio of 3.14 as of yesterday's close.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 56, putting it in the top 22% 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 AYX in the coming trading sessions, be sure to utilize Zacks.com.

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