Dynatrace (DT) closed slightly higher than previous day, forecasts positive growth in EPS and revenue.

From Nasdaq: 2024-09-13 18:15:08

In the latest trading session, Dynatrace (DT) closed at $50.74, a +0.32% change from the previous day, underperforming the S&P 500 and Nasdaq. The company’s shares had gained 3.37% over the past month, with upcoming earnings estimates pointing towards positive growth in EPS and revenue.

Investors are closely monitoring Dynatrace’s forthcoming earnings report, with a forecasted EPS of $0.32 and revenue of $404.39 million. Analysts predict full-year earnings of $1.28 per share and revenue of $1.63 billion. Recent estimate changes impact the company’s stock outlook, aligned with the Zacks Rank system.

Dynatrace is currently trading with a Forward P/E ratio of 39.52, higher than the industry average of 27.02. The company holds a PEG ratio of 4.22, indicating a premium valuation. The Computers – IT Services industry, where Dynatrace belongs, ranks within the top 25% of industries according to Zacks Industry Rank.

Zacks has identified a top semiconductor stock with massive growth potential, catering to the rising demand for AI, ML, and IoT. The global semiconductor industry is projected to reach $803 billion by 2028. Investors can access more information and recommendations from Zacks Investment Research for potential opportunities.



Read more at Nasdaq: Dynatrace (DT) Ascends But Remains Behind Market: Some Facts to Note