- Oops!Something went wrong.Please try again later.
Oracle (ORCL) closed the most recent trading day at $82.22, moving -0.6% from the previous trading session. This change was narrower than the S&P 500's 1.89% loss on the day. Meanwhile, the Dow lost 1.3%, and the Nasdaq, a tech-heavy index, lost 0.17%.
Heading into today, shares of the software maker had lost 7.8% over the past month, lagging the Computer and Technology sector's loss of 6.14% and the S&P 500's loss of 1.79% in that time.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. On that day, Oracle is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 0.86%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.51 billion, up 4.21% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.80 per share and revenue of $42.3 billion. These totals would mark changes of +2.78% and +4.49%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Oracle. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. Oracle is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Oracle currently has a Forward P/E ratio of 17.25. This valuation marks a discount compared to its industry's average Forward P/E of 35.13.
Investors should also note that ORCL has a PEG ratio of 2.03 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Computer - Software stocks are, on average, holding a PEG ratio of 2.64 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Oracle Corporation (ORCL) : Free Stock Analysis Report
To read this article on Zacks.com click here.