Oracle (ORCL) closed at $124.52 in the latest trading session, showing a 0.83% increase from the previous day. The stock’s movement was greater than that of the S&P 500, which gained 0.09% on the same day. However, the Dow Jones experienced a loss of 0.49%, while the tech-heavy Nasdaq saw a gain of 0.65%.
Over the past month, shares of Oracle have risen by 7.5%, outperforming the Computer & Technology sector’s gain of 7.36% and the S&P 500’s gain of 5.78%.
Investors are eagerly awaiting Oracle’s next earnings release. Analysts expect the company to post earnings per share (EPS) of $1.64, reflecting a decrease of 1.8% from the same quarter last year. The consensus estimate for revenue is $14.56 billion, showing a 5.21% increase from the same period a year ago.
The Zacks Consensus Estimates for Oracle’s full-year earnings are $5.58 per share and revenue of $53.22 billion, representing year-on-year changes of +8.98% and +6.54%, respectively.
Recent analyst estimates for Oracle have shown positive revisions, indicating confidence in the company’s business performance and earnings potential. These estimate revisions are directly correlated with the stock price performance, which investors can leverage using the Zacks Rank system. Oracle currently holds a Zacks Rank of #2 (Buy).
In terms of valuation metrics, Oracle has a Forward P/E ratio of 22.13, trading at a discount compared to the industry average of 29.22. The stock also has a PEG ratio of 1.97, suggesting a favorable position compared to the sector’s average of 2.45.
The Computer – Software industry, to which Oracle belongs, is part of the Computer and Technology sector and is currently ranked at 68 out of over 250 industries, putting it in the top 27%.
The Zacks Industry Rank further supports the strength of the industry, with research indicating that the top 50% of industries typically outperform the bottom half by a ratio of 2 to 1.
Investors are encouraged to track these stock-moving metrics using Zacks.com and consider the latest recommendations from Zacks Investment Research. 若要 continue monitoring Oracle’s performance in the upcoming trading sessions.
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https://finance.yahoo.com/news/oracle-orcl-rises-higher-market-214513165.html