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Xperi (XPER) Dips More Than Broader Markets: What You Should Know

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In the latest trading session, Xperi (XPER - Free Report) closed at $20.77, marking a -0.72% move from the previous day. This change lagged the S&P 500's daily loss of 0.54%.

Prior to today's trading, shares of the provider of chip technology for small electronic devices had lost 4.47% over the past month. This has was narrower than the Business Services sector's loss of 15.47% and lagged the S&P 500's gain of 3.05% in that time.

XPER will be looking to display strength as it nears its next earnings release, which is expected to be August 3, 2021. In that report, analysts expect XPER to post earnings of $0.47 per share. This would mark a year-over-year decline of 17.54%. Meanwhile, our latest consensus estimate is calling for revenue of $214.57 million, up 129.73% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $903.57 million. These totals would mark changes of -44.96% and +7.2%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for XPER. Recent revisions tend to reflect the latest near-term business trends. 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.

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. Within the past 30 days, our consensus EPS projection has moved 9.91% lower. XPER currently has a Zacks Rank of #4 (Sell).

Valuation is also important, so investors should note that XPER has a Forward P/E ratio of 10.36 right now. This valuation marks a discount compared to its industry's average Forward P/E of 31.77.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% 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.

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