At last close, SentinelOne (S) reached $22.79, representing a +1.97% move from the previous day. The stock’s performance outperformed the S&P 500’s daily gain of 0.38%. The Dow, on the other hand, recorded a gain of 0.61% and the technology-focused Nasdaq gained 0.03%.
Prior to today’s trading, shares of the cybersecurity provider had gained 2.15% over the past month, outpacing the Computer and Technology sector’s loss of 7.5% and the S&P 500’s loss of 3.2% in that time.
The investment community will be closely following SentinelOne’s earnings performance in the upcoming release. The company is scheduled to announce its earnings on August 27, 2024. The company is expected to report earnings per share of -$0.01, up 87.5% from the year-ago quarter. At the same time, our latest consensus estimate is calling for revenue of $197 million, up 31.84% from the year-ago quarter.
The Zacks Consensus Estimates for the full year are calling for earnings of $0.03 per share and revenue of $811.41 million, which would represent year-over-year changes of +110.71% and +30.63%, respectively.
Investors should also pay attention to any recent revisions to analyst estimates for SentinelOne. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions to estimates express analysts’ positive view of the company’s business and its ability to generate earnings.
Research shows that these estimate changes are directly correlated with near-term stock price momentum. To capitalize on this, we have developed the Zacks Rank, a quantitative model that takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of exceeding expectations, as validated by outside audits. #1-ranked stocks have delivered an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection has remained stagnant. Currently, SentinelOne has a Zacks Rank of #4 (Sell).
In terms of valuation, SentinelOne is currently trading at a P/E ratio of 859.61. This valuation represents a premium to the industry average P/E ratio of 27.79.
S’s PEG ratio is currently 15.81. The PEG ratio is similar to the widely used P/E ratio, but also takes into account the company’s expected earnings growth rate. The Computer – IT Services index had an average PEG ratio of 2.92 as of yesterday’s closing price.
The Computer – IT Services industry is part of the Computer and Technology sector. This industry, which currently has a Zacks Industry Rank of 44, ranks in the top 18% of all 250+ industries.
The Zacks Industry Rank evaluates the strength of our individual industry groups by looking at the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Follow all these and many more stock-moving metrics on Zacks.com.
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SentinelOne, Inc. (S): Free Stock Analysis Report
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