Dynatrace (DT) stock gained despite market dip, with positive growth outlook and earnings predictions.

From Nasdaq: 2024-12-31 18:15:22

Dynatrace (DT) closed at $54.35, up 0.46% from the previous day, surpassing the S&P 500’s 0.43% loss. In the last month, DT shares dropped 4.01%, while the Computer and Technology sector gained 2.86%. Analysts predict DT to post an EPS of $0.33 and revenue of $426.5 million, showing growth year-over-year.

Investors are eagerly awaiting Dynatrace’s upcoming earnings release, expecting a 3.13% growth in EPS and a 16.82% rise in revenue from the previous year. Analysts’ estimate revisions often reflect short-term business trends, impacting stock performance. DT currently holds a Zacks Rank of #3 (Hold), with a Forward P/E ratio of 40.96.

DT’s PEG ratio of 4.07 and industry’s average PEG ratio of 2.82 suggest a higher valuation. The Computers – IT Services industry, part of the Computer and Technology sector, ranks in the top 34% of all industries. Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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Read more at Nasdaq: Why the Market Dipped But Dynatrace (DT) Gained Today