UiPath (PATH) Dips More Than Broader Market: What You Should Know

UiPath (PATH) closed the most recent trading day at $12.35, moving -4.19% from the previous trading session. This change lagged the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%. Shares of the enterprise automation software developer have appreciated by 1.82% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.24%, and the S&P 500's gain of 4.07%.Market participants will be closely following the financial results of UiPath in its upcoming release. The company's upcoming EPS is projected at $0.08, signifying a 100.00% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $347.82 million, up 9.98% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $0.56 per share and a revenue of $1.55 billion, demonstrating changes of +5.66% and +8.49%, respectively, from the preceding year. It's also important for investors to be aware of any recent modifications to analyst estimates for UiPath. 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 business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, UiPath possesses a Zacks Rank of #1 (Strong Buy). From a valuation perspective, UiPath is currently exchanging hands at a Forward P/E ratio of 23.17. This valuation marks a discount compared to its industry average Forward P/E of 28.6. Meanwhile, PATH's PEG ratio is currently 1.26. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 2.21 as of yesterday's close. The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow PATH in the coming trading sessions, be sure to utilize Zacks.com. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for 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 UiPath, Inc. (PATH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks