In the latest trading session, CrowdStrike Holdings (CRWD) closed at $135.80, marking a +0.18% move from the previous day. This change lagged the S&P 500's 1.36% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 0.06%.

Heading into today, shares of the cloud-based security company had lost 14.19% over the past month, lagging the Computer and Technology sector's gain of 2.84% and the S&P 500's gain of 5.44% in that time.

Investors will be hoping for strength from CrowdStrike Holdings as it approaches its next earnings release, which is expected to be November 29, 2022. The company is expected to report EPS of $0.32, up 88.24% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $574.65 million, up 51.2% from the prior-year quarter.

CRWD's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $2.23 billion. These results would represent year-over-year changes of +98.51% and +53.67%, respectively.

It is also important to note the recent changes to analyst estimates for CrowdStrike Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. CrowdStrike Holdings is currently a Zacks Rank #3 (Hold).

In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 101.98. This represents a premium compared to its industry's average Forward P/E of 43.97.

Also, we should mention that CRWD has a PEG ratio of 2.55. 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. Internet - Software stocks are, on average, holding a PEG ratio of 2.3 based on yesterday's closing prices.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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