In the latest trading session, Meet Group closed at $5.56, marking a -0.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the dating site company had gained 10.3% over the past month, outpacing the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
Investors will be hoping for strength from MEET as it approaches its next earnings release, which is expected to be May 8, 2019. In that report, analysts expect MEET to post earnings of $0.09 per share. This would mark year-over-year growth of 80%. Meanwhile, our latest consensus estimate is calling for revenue of $47.70 million, up 26.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.48 per share and revenue of $211.30 million, which would represent changes of +33.33% and +18.3%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MEET. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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 remained stagnant within the past month. MEET is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, MEET is currently trading at a Forward P/E ratio of 11.6. This valuation marks a discount compared to its industry's average Forward P/E of 53.5.
Meanwhile, MEET's PEG ratio is currently 0.58. 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 Internet - Software was holding an average PEG ratio of 3.3 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 20% 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.
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Meet Group (MEET) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Meet Group closed at $5.56, marking a -0.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the dating site company had gained 10.3% over the past month, outpacing the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
Investors will be hoping for strength from MEET as it approaches its next earnings release, which is expected to be May 8, 2019. In that report, analysts expect MEET to post earnings of $0.09 per share. This would mark year-over-year growth of 80%. Meanwhile, our latest consensus estimate is calling for revenue of $47.70 million, up 26.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.48 per share and revenue of $211.30 million, which would represent changes of +33.33% and +18.3%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MEET. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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 remained stagnant within the past month. MEET is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, MEET is currently trading at a Forward P/E ratio of 11.6. This valuation marks a discount compared to its industry's average Forward P/E of 53.5.
Meanwhile, MEET's PEG ratio is currently 0.58. 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 Internet - Software was holding an average PEG ratio of 3.3 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 20% 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.