SentinelOne (S) closed at $20.76 in the latest trading session, marking a -1.14% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.18% for the day. Elsewhere, the Dow saw a downswing of 0.85%, while the tech-heavy Nasdaq depreciated by 0.06%.
The stock of cybersecurity provider has risen by 17.91% in the past month, leading the Computer and Technology sector's gain of 1.48% and the S&P 500's gain of 3.33%.
Analysts and investors alike will be keeping a close eye on the performance of SentinelOne in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.07, marking a 75% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $290.03 million, indicating a 19.76% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.36 per share and a revenue of $1.2 billion, demonstrating changes of +80% and +25.58%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SentinelOne. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. SentinelOne presently features a Zacks Rank of #3 (Hold).
Digging into valuation, SentinelOne currently has a Forward P/E ratio of 58.92. This expresses a premium compared to the average Forward P/E of 48.21 of its industry.
Also, we should mention that S has a PEG ratio of 1.26. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Security industry had an average PEG ratio of 2.79 as trading concluded yesterday.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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