We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Oracle (ORCL) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Oracle (ORCL - Free Report) closed the most recent trading day at $181.41, moving -1.86% from the previous trading session. This change lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.97%.
Coming into today, shares of the software maker had gained 8.72% in the past month. In that same time, the Computer and Technology sector gained 0.06%, while the S&P 500 gained 3.51%.
Analysts and investors alike will be keeping a close eye on the performance of Oracle in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.48, marking a 10.45% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $14.12 billion, up 9.14% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.20 per share and revenue of $58.02 billion. These totals would mark changes of +11.51% and +9.55%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Oracle. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Oracle currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Oracle is presently trading at a Forward P/E ratio of 29.82. This represents a discount compared to its industry's average Forward P/E of 31.89.
It's also important to note that ORCL currently trades at a PEG ratio of 2.75. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 2.5.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Oracle (ORCL) Stock Sinks As Market Gains: Here's Why
Oracle (ORCL - Free Report) closed the most recent trading day at $181.41, moving -1.86% from the previous trading session. This change lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.97%.
Coming into today, shares of the software maker had gained 8.72% in the past month. In that same time, the Computer and Technology sector gained 0.06%, while the S&P 500 gained 3.51%.
Analysts and investors alike will be keeping a close eye on the performance of Oracle in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.48, marking a 10.45% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $14.12 billion, up 9.14% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.20 per share and revenue of $58.02 billion. These totals would mark changes of +11.51% and +9.55%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Oracle. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Oracle currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Oracle is presently trading at a Forward P/E ratio of 29.82. This represents a discount compared to its industry's average Forward P/E of 31.89.
It's also important to note that ORCL currently trades at a PEG ratio of 2.75. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 2.5.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.