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Dynatrace (DT) Rises Higher Than Market: Key Facts
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Dynatrace (DT - Free Report) closed the most recent trading day at $49.51, moving +1.87% from the previous trading session. This change outpaced the S&P 500's 0.59% gain on the day. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
Shares of the software intellegence company witnessed a loss of 4.5% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 7.68%, and the S&P 500's gain of 2.72%.
Investors will be eagerly watching for the performance of Dynatrace in its upcoming earnings disclosure. On that day, Dynatrace is projected to report earnings of $0.41 per share, which would represent year-over-year growth of 10.81%. Simultaneously, our latest consensus estimate expects the revenue to be $487 million, showing a 16.47% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.6 per share and a revenue of $1.98 billion, demonstrating changes of +15.11% and +16.41%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dynatrace. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.26% decrease. Currently, Dynatrace is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Dynatrace is at present trading with a Forward P/E ratio of 30.32. This expresses a premium compared to the average Forward P/E of 16.25 of its industry.
It is also worth noting that DT currently has a PEG ratio of 2.37. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services industry currently had an average PEG ratio of 2 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Dynatrace (DT) Rises Higher Than Market: Key Facts
Dynatrace (DT - Free Report) closed the most recent trading day at $49.51, moving +1.87% from the previous trading session. This change outpaced the S&P 500's 0.59% gain on the day. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
Shares of the software intellegence company witnessed a loss of 4.5% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 7.68%, and the S&P 500's gain of 2.72%.
Investors will be eagerly watching for the performance of Dynatrace in its upcoming earnings disclosure. On that day, Dynatrace is projected to report earnings of $0.41 per share, which would represent year-over-year growth of 10.81%. Simultaneously, our latest consensus estimate expects the revenue to be $487 million, showing a 16.47% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.6 per share and a revenue of $1.98 billion, demonstrating changes of +15.11% and +16.41%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dynatrace. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.26% decrease. Currently, Dynatrace is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Dynatrace is at present trading with a Forward P/E ratio of 30.32. This expresses a premium compared to the average Forward P/E of 16.25 of its industry.
It is also worth noting that DT currently has a PEG ratio of 2.37. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services industry currently had an average PEG ratio of 2 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.