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Why Dynatrace (DT) Outpaced the Stock Market Today
DynatraceDynatrace(US:DT) ZACKSยท2024-07-26 23:21

Company Overview - Dynatrace is set to announce its earnings on August 7, 2024, with an expected EPS of $0.29, reflecting a 7.41% increase from the prior-year quarter [1] - The Zacks Consensus Estimate for revenue is projected at $392.2 million, indicating a 17.82% growth compared to the same period last year [1] - For the annual period, the anticipated earnings are $1.28 per share and revenue of $1.65 billion, representing increases of 6.67% and 15.59%, respectively [9] Stock Performance - Shares of Dynatrace have decreased by 0.64% over the past month, outperforming the Computer and Technology sector's decline of 5.32% and the S&P 500's drop of 1.16% [4] - The stock closed at $44.30, with a daily increase of 1.3%, surpassing the S&P 500's daily gain of 1.11% [8] Valuation Metrics - Dynatrace is currently trading at a Forward P/E ratio of 34.24, which is higher than the industry average of 28.04, suggesting that Dynatrace is trading at a premium [6] - The company has a PEG ratio of 3.65, compared to the industry average PEG ratio of 3.21 [11] Industry Context - The Computers - IT Services industry, which includes Dynatrace, holds a Zacks Industry Rank of 93, placing it in the top 37% of over 250 industries [3] - The Zacks Rank system indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]