SentinelOne (S) closed at $18.45 in the latest trading session, marking a +1.77% move from the prior day. This move outpaced the S&P 500's daily gain of 0.83%. On the other hand, the Dow registered a gain of 0.77%, and the technology-centric Nasdaq increased by 1.02%.
Shares of the cybersecurity provider witnessed a gain of 0.89% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.25%, and the S&P 500's gain of 4.99%.
The upcoming earnings release of SentinelOne will be of great interest to investors. It is anticipated that the company will report an EPS of $0.03, marking a 200% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $242.02 million, indicating a 21.65% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.2 per share and revenue of $997.27 million. These totals would mark changes of +300% and +21.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 moved 1.11% higher. SentinelOne is currently a Zacks Rank #3 (Hold).
Investors should also note SentinelOne's current valuation metrics, including its Forward P/E ratio of 90.95. This indicates a premium in contrast to its industry's Forward P/E of 75.56.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 34, this industry ranks in the top 14% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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
