We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Turtle Beach (HEAR) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Turtle Beach (HEAR - Free Report) closed the most recent trading day at $16.75, moving +0.12% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. At the same time, the Dow added 1.55%, and the tech-heavy Nasdaq gained 1.27%.
Investors will be hoping for strength from HEAR as it approaches its next earnings release, which is expected to be November 6, 2018. In that report, analysts expect HEAR to post earnings of $0.77 per share. This would mark year-over-year growth of 2025%. Meanwhile, our latest consensus estimate is calling for revenue of $73.67 million, up 104.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.47 per share and revenue of $265.80 million. These totals would mark changes of +1129.17% and +78.23%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HEAR. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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% higher within the past month. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, HEAR is currently trading at a Forward P/E ratio of 6.77. Its industry sports an average Forward P/E of 16.47, so we one might conclude that HEAR is trading at a discount comparatively.
Investors should also note that HEAR has a PEG ratio of 0.45 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Communication - Components industry currently had an average PEG ratio of 1.55 as of yesterday's close.
The Communication - Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Turtle Beach (HEAR) Gains But Lags Market: What You Should Know
Turtle Beach (HEAR - Free Report) closed the most recent trading day at $16.75, moving +0.12% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. At the same time, the Dow added 1.55%, and the tech-heavy Nasdaq gained 1.27%.
Investors will be hoping for strength from HEAR as it approaches its next earnings release, which is expected to be November 6, 2018. In that report, analysts expect HEAR to post earnings of $0.77 per share. This would mark year-over-year growth of 2025%. Meanwhile, our latest consensus estimate is calling for revenue of $73.67 million, up 104.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.47 per share and revenue of $265.80 million. These totals would mark changes of +1129.17% and +78.23%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HEAR. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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% higher within the past month. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, HEAR is currently trading at a Forward P/E ratio of 6.77. Its industry sports an average Forward P/E of 16.47, so we one might conclude that HEAR is trading at a discount comparatively.
Investors should also note that HEAR has a PEG ratio of 0.45 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Communication - Components industry currently had an average PEG ratio of 1.55 as of yesterday's close.
The Communication - Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.