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UiPath (PATH) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, UiPath (PATH - Free Report) closed at $12.77, marking a -0.23% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.04%.
The enterprise automation software developer's shares have seen an increase of 4.07% over the last month, surpassing the Business Services sector's gain of 3.66% and the S&P 500's gain of 3.77%.
Investors will be eagerly watching for the performance of UiPath in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.07, marking a 41.67% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $347.65 million, up 6.67% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.41 per share and a revenue of $1.42 billion, indicating changes of -24.07% and +8.74%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for UiPath. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. UiPath is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, UiPath is holding a Forward P/E ratio of 31.48. This indicates a premium in contrast to its industry's Forward P/E of 25.74.
One should further note that PATH currently holds a PEG ratio of 1.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Technology Services stocks are, on average, holding a PEG ratio of 1.55 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.
To follow PATH in the coming trading sessions, be sure to utilize Zacks.com.
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UiPath (PATH) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, UiPath (PATH - Free Report) closed at $12.77, marking a -0.23% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.04%.
The enterprise automation software developer's shares have seen an increase of 4.07% over the last month, surpassing the Business Services sector's gain of 3.66% and the S&P 500's gain of 3.77%.
Investors will be eagerly watching for the performance of UiPath in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.07, marking a 41.67% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $347.65 million, up 6.67% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.41 per share and a revenue of $1.42 billion, indicating changes of -24.07% and +8.74%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for UiPath. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. UiPath is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, UiPath is holding a Forward P/E ratio of 31.48. This indicates a premium in contrast to its industry's Forward P/E of 25.74.
One should further note that PATH currently holds a PEG ratio of 1.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Technology Services stocks are, on average, holding a PEG ratio of 1.55 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.
To follow PATH in the coming trading sessions, be sure to utilize Zacks.com.