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UiPath (PATH) Gains As Market Dips: What You Should Know

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In the latest trading session, UiPath (PATH) closed at $21.29, marking a +1.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.06%.

Coming into today, shares of the enterprise automation software developer had gained 5.38% in the past month. In that same time, the Business Services sector gained 18.72%, while the S&P 500 gained 8.78%.

Investors will be hoping for strength from UiPath as it approaches its next earnings release. On that day, UiPath is projected to report earnings of -$0.11 per share, which would represent a year-over-year decline of 1200%. Our most recent consensus estimate is calling for quarterly revenue of $230.04 million, up 17.66% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.01 per share and revenue of $1.08 billion. These totals would mark changes of -112.5% and +21.58%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for UiPath. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. UiPath is currently sporting a Zacks Rank of #3 (Hold).

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 43% 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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