Oracle (ORCL) closed at $217.58, up 1.52% from the previous day, outperforming the S&P 500, Dow, and Nasdaq. The company’s shares have declined by 12.09% in the last month. Oracle is set to announce earnings on December 10, with projected earnings of $1.63 per share and revenue of $16.15 billion, showing year-over-year growth.

Investors should pay attention to recent analyst estimate adjustments for Oracle, as they indicate changing business trends. Positive estimate changes often signal analyst optimism and can impact stock prices. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has shown strong performance, with Oracle currently holding a Zacks Rank of #3 (Hold).

Oracle’s current valuation metrics include a Forward P/E ratio of 31.46 and a PEG ratio of 1.93, indicating potential premium trading. The Computer – Software industry’s average PEG ratio is 1.83. Within the Computer and Technology sector, the industry is ranked 75 out of 250+, positioning it in the top 31%. Investors should track these metrics for future trading sessions.

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Read more at Nasdaq: Oracle (ORCL) Surpasses Market Returns: Some Facts Worth Knowing