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Perficient (PRFT) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
BP (BP) closed the most recent trading day at $40.21, moving -1.18% from the previous trading session.

In the latest trading session, Perficient (PRFT) closed at $28.06, marking a +0.9% move from the previous day. This move outpaced the S&P 500's daily gain of 0.21%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.05%.

Heading into today, shares of the information technology consulting firm had lost 0.32% over the past month, lagging the Computer and Technology sector's gain of 5.1% and the S&P 500's gain of 2.57% in that time.

Investors will be hoping for strength from PRFT as it approaches its next earnings release, which is expected to be May 2, 2019. The company is expected to report EPS of $0.40, up 14.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $131.21 million, up 8.49% from the year-ago period.

PRFT's full-year Zacks Consensus Estimates are calling for earnings of $1.71 per share and revenue of $530.69 million. These results would represent year-over-year changes of +7.55% and +6.48%, respectively.

Investors should also note any recent changes to analyst estimates for PRFT. Recent revisions tend to reflect the latest 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.

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 remained stagnant within the past month. PRFT currently has a Zacks Rank of #2 (Buy).

Investors should also note PRFT's current valuation metrics, including its Forward P/E ratio of 16.31. This represents a discount compared to its industry's average Forward P/E of 19.74.

Investors should also note that PRFT has a PEG ratio of 1.59 right now. 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 Computer - Services industry currently had an average PEG ratio of 2.19 as of yesterday's close.

The Computer - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 23, putting 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.

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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