In the latest close session, SentinelOne (S) was up +2.79% at $18.44. The stock's performance was ahead of the S&P 500's daily gain of 1.47%. Meanwhile, the Dow gained 1.34%, and the Nasdaq, a tech-heavy index, added 1.95%.
The cybersecurity provider's shares have seen a decrease of 2.76% over the last month, not keeping up with the Computer and Technology sector's gain of 3.41% and the S&P 500's gain of 0.64%.
The investment community will be closely monitoring the performance of SentinelOne in its forthcoming earnings report. The company is expected to report EPS of $0.03, up 200% from the prior-year quarter. 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.2 per share and revenue of $996.62 million, which would represent changes of +300% and +21.32%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, SentinelOne boasts a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that SentinelOne has a Forward P/E ratio of 90 right now. This represents a premium compared to its industry average Forward P/E of 62.95.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 39% of all industries, numbering over 250.
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.
