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Alteryx, Inc. (AYX) Gains As Market Dips: What You Should Know

Zacks Equity Research
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Alteryx, Inc. (AYX) closed at $83.09 in the latest trading session, marking a +1.37% move from the prior day. This change outpaced the S&P 500's 0.08% loss on the day. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.07%.

Heading into today, shares of the company had gained 13.94% over the past month, outpacing the Computer and Technology sector's gain of 3.22% and the S&P 500's gain of 0.52% in that time.

Investors will be hoping for strength from AYX as it approaches its next earnings release. In that report, analysts expect AYX to post earnings of -$0.08 per share. This would mark a year-over-year decline of 700%. Meanwhile, our latest consensus estimate is calling for revenue of $71.14 million, up 66.13% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.40 per share and revenue of $349.38 million. These totals would mark changes of +2100% and +71.01%, respectively, from last year.

Any recent changes to analyst estimates for AYX should also be noted by investors. 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 116.97% higher. AYX currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that AYX has a Forward P/E ratio of 204.93 right now. This represents a premium compared to its industry's average Forward P/E of 56.44.

We can also see that AYX currently has a PEG ratio of 13.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 3.31 based on yesterday's closing prices.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 55, 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.

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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