SentinelOne (S) closed at $17.88 in the latest trading session, marking a -5.2% move from the prior day. This move lagged the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.29%.
The cybersecurity provider's shares have seen an increase of 27.78% over the last month, surpassing the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 2.2%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. It is anticipated that the company will report an EPS of $0.07, marking a 75% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $290.03 million, indicating a 19.76% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.36 per share and a revenue of $1.2 billion, representing changes of +80% and +19.89%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SentinelOne. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.74% higher. At present, SentinelOne boasts a Zacks Rank of #2 (Buy).
In terms of valuation, SentinelOne is currently trading at a Forward P/E ratio of 52.84. This valuation marks a premium compared to its industry average Forward P/E of 51.92.
We can also see that S currently has a PEG ratio of 1.13. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Security industry held an average PEG ratio of 3.3.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 109, placing it within the top 45% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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SentinelOne, Inc. (S): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).