In the latest trading session, Unisys (UIS) closed at $13.52, marking a -0.22% move from the previous day. This move lagged the S&P 500’s daily gain of 0.82%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.79%.
Prior to today’s trading, shares of the information technology service provider had lost 26.28% over the past month. This has lagged the Computer and Technology sector’s gain of 2.95% and the S&P 500’s gain of 3.94% in that time.
Wall Street will be looking for positivity from UIS as it approaches its next earnings report date. This is expected to be February 14, 2019. In that report, analysts expect UIS to post earnings of $0.67 per share. This would mark a year-over-year decline of 12.99%. Meanwhile, our latest consensus estimate is calling for revenue of $752.10 million, up 0.74% from the prior-year quarter.
UIS’s full-year Zacks Consensus Estimates are calling for earnings of $1.64 per share and revenue of $2.81 billion. These results would represent year-over-year changes of +228.13% and +2.53%, respectively.
It is also important to note the recent changes to analyst estimates for UIS. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 14.58% lower within the past month. UIS is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, UIS is currently trading at a Forward P/E ratio of 8.26. This represents a discount compared to its industry’s average Forward P/E of 17.86.
The Computers – IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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