In the latest trading session, Attunity (ATTU) closed at $20.63, marking a -1.48% move from the previous day. This move lagged the S&P 500’s daily loss of 0.02%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Coming into today, shares of the data-management software company had lost 0.99% in the past month. In that same time, the Computer and Technology sector gained 0.38%, while the S&P 500 lost 2.56%.
Wall Street will be looking for positivity from ATTU as it approaches its next earnings report date. This is expected to be February 7, 2019. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.70 million, up 29.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.45 per share and revenue of $83.98 million. These totals would mark changes of +550% and +35.24%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ATTU. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. ATTU is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ATTU currently has a Forward P/E ratio of 46.53. For comparison, its industry has an average Forward P/E of 55.33, which means ATTU is trading at a discount to the group.
The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 24, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Attunity Ltd. (ATTU): Free Stock Analysis Report
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