Oracle (ORCL) closed at $53.80 in the latest trading session, marking a +1.56% move from the prior day. This change outpaced the S&P 500's 1.3% gain on the day. At the same time, the Dow added 1.41%, and the tech-heavy Nasdaq gained 1.75%.
Heading into today, shares of the software maker had lost 0.69% over the past month, lagging the Computer and Technology sector's loss of 0.14% and the S&P 500's gain of 0.46% in that time.
Wall Street will be looking for positivity from ORCL as it approaches its next earnings report date. On that day, ORCL is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 14.08%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.29 billion, up 0.96% from the year-ago period.
ORCL's full-year Zacks Consensus Estimates are calling for earnings of $3.90 per share and revenue of $40.43 billion. These results would represent year-over-year changes of +10.8% and +2.29%, respectively.
Investors should also note any recent changes to analyst estimates for ORCL. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 0.01% lower within the past month. ORCL is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note ORCL's current valuation metrics, including its Forward P/E ratio of 13.58. This valuation marks a discount compared to its industry's average Forward P/E of 29.28.
Also, we should mention that ORCL has a PEG ratio of 1.39. 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. The Computer - Software industry currently had an average PEG ratio of 2.06 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 21% 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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