SentinelOne Faces Market Scrutiny as Earnings Release Approaches
Stock Performance and Market Context
SentinelOne (S) closed at $27.57 in the latest trading session, showing a decline of -1.22% from the previous day. This change fell short of the S&P 500’s increase of 0.38%. In a broader market perspective, the Dow climbed by 0.59%, and the tech-heavy Nasdaq saw a slight rise of 0.09%.
Recent Stock Trends and Sector Comparison
Over the past month, shares of the cybersecurity firm have increased by 7.97%. This performance surpasses the Computer and Technology sector’s growth of 7.11% and the S&P 500’s 4.9% gain.
Upcoming Earnings and Projections
Investors are eagerly awaiting SentinelOne’s upcoming financial results. Analysts project earnings per share (EPS) of $0.01, indicating a notable increase of 133.33% from the same quarter last year. Moreover, the consensus estimate anticipates revenue of $209.56 million, up 27.65% from the previous year’s quarter.
Fiscal Year Forecasts
For the entire fiscal year, the Zacks Consensus Estimates expect earnings of $0.03 per share and revenues of $815.13 million. This represents year-over-year increases of +110.71% in earnings and +31.23% in revenue.
Analyst Estimates and Their Implications
Changes to analyst estimates can provide valuable insights for investors. Such revisions often reflect the evolving business environment, and positive adjustments indicate confidence in the company’s performance and growth potential.
The Zacks Rank System Explained
Our research shows that analyst revisions link to short-term stock performance. The Zacks Rank is a model that incorporates these estimate changes into a rating system, ranging from #1 (Strong Buy) to #5 (Strong Sell). Historically, #1 ranked stocks have returned an average annual gain of +25% since 1988. Currently, SentinelOne holds a Zacks Rank of #4 (Sell), with no changes in the EPS estimate over the past month.
Valuation Metrics Overview
Investors should pay attention to SentinelOne’s valuation metrics, especially its Forward P/E ratio of 877.17, which is significantly higher than the industry average Forward P/E of 28.51.
PEG Ratio and Industry Rankings
The company also has a PEG ratio of 18.23, a metric that considers both the P/E ratio and expected earnings growth. The average PEG ratio for the Computers – IT Services industry is much lower at 2.97. This industry is part of the Computer and Technology sector, which holds a Zacks Industry Rank of 42, placing it in the top 17% of over 250 industries.
Importance of Zacks Industry Rank
The Zacks Industry Rank evaluates the strength of industries by calculating the average Zacks Rank of their constituent stocks. Our data shows that the highest-rated industries outperform their lower-ranked counterparts by a factor of 2 to 1.
Keep Updated with Zacks
For the latest metrics that affect stock performance, don’t forget to visit Zacks.com as trading sessions evolve.
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SentinelOne, Inc. (S): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
