Oracle (ORCL) Ascends But Remains Behind Market: Some Facts to Note

Oracle (ORCL) ended the recent trading session at $158.31, demonstrating a +1.28% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.83%. On the other hand, the Dow registered a gain of 1.65%, and the technology-centric Nasdaq increased by 2.45%.The software maker's stock has dropped by 7.9% in the past month, falling short of the Computer and Technology sector's loss of 3.84% and the S&P 500's loss of 3.31%.Investors will be eagerly watching for the performance of Oracle in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.48, reflecting a 4.96% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $14.36 billion, indicating an 8.12% increase compared to the same quarter of the previous year.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.23 per share and revenue of $57.65 billion. These totals would mark changes of +12.05% and +8.85%, 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 0.41% downward. Oracle presently features a Zacks Rank of #3 (Hold).In terms of valuation, Oracle is currently trading at a Forward P/E ratio of 25.1. This represents a discount compared to its industry's average Forward P/E of 29.67.One should further note that ORCL currently holds a PEG ratio of 2.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.29 at yesterday's closing price.The Computer - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 38% of all industries, numbering over 250.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 ORCL in the coming trading sessions, be sure to utilize Zacks.com.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks