SentinelOne (S) closed the most recent trading day at $14.56, moving +1.89% from the previous trading session. This change outpaced the S&P 500's 0.5% gain on the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.43%.
Shares of the cybersecurity provider witnessed a loss of 4.8% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.15%, and the S&P 500's gain of 0.18%.
Investors will be eagerly watching for the performance of SentinelOne in its upcoming earnings disclosure. 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, the latest consensus estimate predicts the revenue to be $270.96 million, indicating a 20.15% 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 $0.19 per share and revenue of $1 billion. These totals would mark changes of +280% and +21.87%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for SentinelOne. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.38% downward. SentinelOne currently has a Zacks Rank of #4 (Sell).
In the context of valuation, SentinelOne is at present trading with a Forward P/E ratio of 75.78. This signifies a premium in comparison to the average Forward P/E of 51.05 for its industry.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 98, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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SentinelOne, Inc. (S): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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