SS&C Technologies (SSNC) closed the most recent trading day at $62.43, moving +1.17% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the financial services software maker had gained 0.55% in the past month. In that same time, the Computer and Technology sector gained 2.41%, while the S&P 500 gained 0.28%.
Wall Street will be looking for positivity from SSNC as it approaches its next earnings report date. In that report, analysts expect SSNC to post earnings of $0.88 per share. This would mark year-over-year growth of 66.04%. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, up 172.9% from the prior-year quarter.
SSNC's full-year Zacks Consensus Estimates are calling for earnings of $3.77 per share and revenue of $4.73 billion. These results would represent year-over-year changes of +29.11% and +37.07%, respectively.
Investors should also note any recent changes to analyst estimates for SSNC. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SSNC is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, SSNC currently has a Forward P/E ratio of 16.37. This represents a discount compared to its industry's average Forward P/E of 29.99.
It is also worth noting that SSNC currently has a PEG ratio of 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.16 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
SS&C Technologies Holdings, Inc. (SSNC): Free Stock Analysis Report
Original post
Zacks Investment Research