In the latest trading session, SentinelOne (S) closed at $13.90, marking a -1.28% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.06%.
The cybersecurity provider's stock has dropped by 3.63% in the past month, falling short of the Computer and Technology sector's gain of 2.88% and the S&P 500's gain of 1.99%.
The investment community will be paying close attention to the earnings performance of SentinelOne in its upcoming release. It is anticipated that the company will report an EPS of $0.06, marking a 50% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $270.96 million, up 20.15% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.19 per share and a revenue of $1 billion, demonstrating changes of +280% and +21.87%, respectively, from the preceding year.
Any recent changes to analyst estimates for SentinelOne should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.76% lower. At present, SentinelOne boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, SentinelOne is currently exchanging hands at a Forward P/E ratio of 74.67. This expresses a premium compared to the average Forward P/E of 52.16 of its industry.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 36% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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
SentinelOne, Inc. (S): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
