In the latest close session, SentinelOne (S) was up +2.83% at $14.19. The stock exceeded the S&P 500, which registered a gain of 0.55% for the day. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 0.91%.
Prior to today's trading, shares of the cybersecurity provider had lost 7.07% lagged the Computer and Technology sector's gain of 0.04% and the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of SentinelOne in its upcoming release. The company is forecasted to report an EPS of $0.06, showcasing a 50% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $270.96 million, up 20.15% from the year-ago period.
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.
It's also important for investors to be aware of any recent modifications to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the past month, there's been a 0.38% fall in the Zacks Consensus EPS estimate. SentinelOne is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that SentinelOne has a Forward P/E ratio of 73.18 right now. Its industry sports an average Forward P/E of 51.09, so one might conclude that SentinelOne is trading at a premium comparatively.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 97, placing it within the top 40% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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SentinelOne, Inc. (S): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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