Alteryx, Inc. (AYX) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Alteryx, Inc. (AYX) closed at $68.32, marking a -1.01% move from the previous day. This change lagged the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 0.16%.
Heading into today, shares of the company had gained 13.39% over the past month, outpacing the Computer and Technology sector's loss of 0.37% and the S&P 500's gain of 0.49% in that time.
Investors will be hoping for strength from AYX as it approaches its next earnings release, which is expected to be February 20, 2019. On that day, AYX is projected to report earnings of -$0.02 per share, which would represent a year-over-year decline of 200%. Our most recent consensus estimate is calling for quarterly revenue of $57.33 million, up 48.57% from the year-ago period.
It is also important to note the 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AYX is currently sporting a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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