Meet Group closed the most recent trading day at $3.32, moving +0.3% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 1.51%.
Prior to today's trading, shares of the dating site company had lost 19.07% over the past month. This has lagged the Computer and Technology sector's gain of 4.37% and the S&P 500's gain of 4.32% in that time.
Investors will be hoping for strength from MEET as it approaches its next earnings release. In that report, analysts expect MEET to post earnings of $0.11 per share. This would mark year-over-year growth of 37.5%. Our most recent consensus estimate is calling for quarterly revenue of $50.67 million, up 18.38% from the year-ago period.
MEET's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $212.23 million. These results would represent year-over-year changes of +27.78% and +18.82%, respectively.
It is also important to note the recent changes to analyst estimates for MEET. These recent revisions tend to reflect the evolving nature of short-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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MEET is currently a Zacks Rank #2 (Buy).
Investors should also note MEET's current valuation metrics, including its Forward P/E ratio of 7.14. This valuation marks a discount compared to its industry's average Forward P/E of 63.63.
Meanwhile, MEET's PEG ratio is currently 0.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. MEET's industry had an average PEG ratio of 2.8 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 104, putting it in the top 41% 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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Meet Group (MEET) Gains As Market Dips: What You Should Know
Meet Group closed the most recent trading day at $3.32, moving +0.3% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 1.51%.
Prior to today's trading, shares of the dating site company had lost 19.07% over the past month. This has lagged the Computer and Technology sector's gain of 4.37% and the S&P 500's gain of 4.32% in that time.
Investors will be hoping for strength from MEET as it approaches its next earnings release. In that report, analysts expect MEET to post earnings of $0.11 per share. This would mark year-over-year growth of 37.5%. Our most recent consensus estimate is calling for quarterly revenue of $50.67 million, up 18.38% from the year-ago period.
MEET's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $212.23 million. These results would represent year-over-year changes of +27.78% and +18.82%, respectively.
It is also important to note the recent changes to analyst estimates for MEET. These recent revisions tend to reflect the evolving nature of short-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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MEET is currently a Zacks Rank #2 (Buy).
Investors should also note MEET's current valuation metrics, including its Forward P/E ratio of 7.14. This valuation marks a discount compared to its industry's average Forward P/E of 63.63.
Meanwhile, MEET's PEG ratio is currently 0.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. MEET's industry had an average PEG ratio of 2.8 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 104, putting it in the top 41% 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.