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Tuesday, December 11, 2018 9:14:27 AM
By: Zacks Equity Research | December 10, 2018
Salesforce.com (CRM - Free Report) closed at $137.27 in the latest trading session, marking a +0.97% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.18%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 0.74%.
Heading into today, shares of the customer-management software developer had lost 4.17% over the past month, outpacing the Computer and Technology sector's loss of 7.12% and the S&P 500's loss of 6.19% in that time.
Investors will be hoping for strength from CRM as it approaches its next earnings release, which is expected to be February 27, 2019. On that day, CRM is projected to report earnings of $0.56 per share, which would represent year-over-year growth of 60%. Meanwhile, our latest consensus estimate is calling for revenue of $3.56 billion, up 24.85% from the prior-year quarter.
CRM's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $13.23 billion. These results would represent year-over-year changes of +93.33% and +26.27%, respectively.
Investors might also notice recent changes to analyst estimates for CRM. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.22% higher within the past month. CRM currently has a Zacks Rank of #2 (Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 52.07. This valuation marks a premium compared to its industry's average Forward P/E of 29.3.
We can also see that CRM currently has a PEG ratio of 2.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CRM's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 23% of all 250+ industries.
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