salesforce(US:CRM) Zacks Investment Research·2024-02-12 23:51Company Performance - Salesforce.com (CRM) closed at $287.32, reflecting a -1.37% change from the previous day, underperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, Salesforce.com shares have appreciated by 7.12%, lagging behind the Computer and Technology sector's gain of 11.35% and outperforming the S&P 500's gain of 5.78% [1] Earnings Expectations - The upcoming earnings report for Salesforce.com is scheduled for February 28, 2024, with projected earnings per share (EPS) of $2.26, indicating a 34.52% increase from the same quarter last year [1] - The consensus estimate for quarterly revenue is $9.21 billion, which represents a 9.87% increase from the year-ago period [1] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Salesforce.com are crucial, as positive revisions indicate optimism about the company's business outlook [2] - The Zacks Rank for Salesforce.com is currently 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [2] Valuation Metrics - Salesforce.com is trading with a Forward P/E ratio of 30.63, which is a discount compared to the industry average Forward P/E of 32.6 [3] - The company has a PEG ratio of 1.42, significantly lower than the industry average PEG ratio of 2.5 [3] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 62, placing it within the top 25% of over 250 industries [3] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]