In the latest trading session, Meet Group closed at $5.72, marking a -1.04% move from the previous day. This move lagged the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.25%.
Coming into today, shares of the dating site company had gained 21.94% in the past month. In that same time, the Computer and Technology sector gained 8.88%, while the S&P 500 gained 7.92%.
MEET will be looking to display strength as it nears its next earnings release, which is expected to be March 6, 2019. On that day, MEET is projected to report earnings of $0.12 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $52.30 million, up 30.36% from the year-ago period.
Investors might also notice recent changes to analyst estimates for MEET. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.77% higher within the past month. MEET is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, MEET currently has a Forward P/E ratio of 13.6. For comparison, its industry has an average Forward P/E of 55, which means MEET is trading at a discount to the group.
We can also see that MEET currently has a PEG ratio of 0.68. 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. MEET's industry had an average PEG ratio of 2.75 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% 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.
To follow MEET in the coming trading sessions, be sure to utilize Zacks.com.
Image: Bigstock
Meet Group (MEET) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Meet Group closed at $5.72, marking a -1.04% move from the previous day. This move lagged the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.25%.
Coming into today, shares of the dating site company had gained 21.94% in the past month. In that same time, the Computer and Technology sector gained 8.88%, while the S&P 500 gained 7.92%.
MEET will be looking to display strength as it nears its next earnings release, which is expected to be March 6, 2019. On that day, MEET is projected to report earnings of $0.12 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $52.30 million, up 30.36% from the year-ago period.
Investors might also notice recent changes to analyst estimates for MEET. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.77% higher within the past month. MEET is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, MEET currently has a Forward P/E ratio of 13.6. For comparison, its industry has an average Forward P/E of 55, which means MEET is trading at a discount to the group.
We can also see that MEET currently has a PEG ratio of 0.68. 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. MEET's industry had an average PEG ratio of 2.75 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% 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.
To follow MEET in the coming trading sessions, be sure to utilize Zacks.com.