Salesforce Inc. (CRM) is Attracting Investor Attention: Here is What You Should Know

24.05.24 15:00 Uhr

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Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this customer-management software developer have returned +2% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Computer - Software industry, to which Salesforce.com belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current quarter, Salesforce.com is expected to post earnings of $2.38 per share, indicating a change of +40.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.The consensus earnings estimate of $9.71 for the current fiscal year indicates a year-over-year change of +18.1%. This estimate has remained unchanged over the last 30 days.For the next fiscal year, the consensus earnings estimate of $10.91 indicates a change of +12.3% from what Salesforce.com is expected to report a year ago. Over the past month, the estimate has remained unchanged.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Salesforce.com is rated Zacks Rank #3 (Hold).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSRevenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of Salesforce.com, the consensus sales estimate of $9.14 billion for the current quarter points to a year-over-year change of +10.8%. The $37.93 billion and $41.82 billion estimates for the current and next fiscal years indicate changes of +8.8% and +10.3%, respectively.Last Reported Results and Surprise HistorySalesforce.com reported revenues of $9.29 billion in the last reported quarter, representing a year-over-year change of +10.8%. EPS of $2.29 for the same period compares with $1.68 a year ago.Compared to the Zacks Consensus Estimate of $9.21 billion, the reported revenues represent a surprise of +0.81%. The EPS surprise was +1.33%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Salesforce.com is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Salesforce.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.Where Will Stocks Go…If Biden Wins? If Trump Wins?The answers may surprise you.Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…1. Medical manufacturer has gained +11,000% in the last 15 years.2. Rental company is absolutely crushing its sector.3. Energy powerhouse plans to grow its already large dividend by 25%.4. Aerospace and defense standout just landed a potentially $80 billion contract.5. Giant Chipmaker is building huge plants in the U.S. Hurry, Download Special Report FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Salesforce Inc. (CRM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Quelle: Zacks

Nachrichten zu Salesforce

Analysen zu Salesforce

DatumRatingAnalyst
24.06.2024Salesforce BuyJefferies & Company Inc.
21.06.2024Salesforce BuyGoldman Sachs Group Inc.
30.05.2024Salesforce BuyGoldman Sachs Group Inc.
30.05.2024Salesforce OverweightJP Morgan Chase & Co.
30.05.2024Salesforce BuyJefferies & Company Inc.
DatumRatingAnalyst
24.06.2024Salesforce BuyJefferies & Company Inc.
21.06.2024Salesforce BuyGoldman Sachs Group Inc.
30.05.2024Salesforce BuyGoldman Sachs Group Inc.
30.05.2024Salesforce OverweightJP Morgan Chase & Co.
30.05.2024Salesforce BuyJefferies & Company Inc.
DatumRatingAnalyst
30.05.2024Salesforce NeutralUBS AG
16.05.2024Salesforce NeutralUBS AG
15.04.2024Salesforce NeutralUBS AG
16.02.2024Salesforce NeutralUBS AG
16.01.2024Salesforce NeutralUBS AG
DatumRatingAnalyst
11.01.2023Salesforce UnderperformBernstein Research
19.06.2020Slack SellGoldman Sachs Group Inc.
19.05.2016Salesforce UnderperformBernstein Research
19.11.2015Salesforce UnderperformBernstein Research
19.11.2015Salesforce verkaufenJefferies & Company Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Salesforce nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"