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Perion Network (PERI) Gains But Lags Market: What You Should Know
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In the latest trading session, Perion Network (PERI - Free Report) closed at $34.78, marking a +1.46% move from the previous day. The stock lagged the S&P 500's daily gain of 1.62%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 12.91%.
Coming into today, shares of the digital media company had gained 0.82% in the past month. In that same time, the Computer and Technology sector lost 6.64%, while the S&P 500 lost 4.54%.
Investors will be hoping for strength from Perion Network as it approaches its next earnings release. In that report, analysts expect Perion Network to post earnings of $0.52 per share. This would mark year-over-year growth of 57.58%. Our most recent consensus estimate is calling for quarterly revenue of $141.65 million, up 13.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.69 per share and revenue of $730.13 million. These totals would mark changes of +8.91% and +14.04%, respectively, from last year.
Any recent changes to analyst estimates for Perion Network should also be noted by investors. These revisions help to show the ever-changing nature of 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 19% higher. Perion Network is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Perion Network has a Forward P/E ratio of 12.74 right now. Its industry sports an average Forward P/E of 21.51, so we one might conclude that Perion Network is trading at a discount comparatively.
We can also see that PERI currently has a PEG ratio of 0.51. 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. Internet - Content stocks are, on average, holding a PEG ratio of 1.94 based on yesterday's closing prices.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow PERI in the coming trading sessions, be sure to utilize Zacks.com.
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Perion Network (PERI) Gains But Lags Market: What You Should Know
In the latest trading session, Perion Network (PERI - Free Report) closed at $34.78, marking a +1.46% move from the previous day. The stock lagged the S&P 500's daily gain of 1.62%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 12.91%.
Coming into today, shares of the digital media company had gained 0.82% in the past month. In that same time, the Computer and Technology sector lost 6.64%, while the S&P 500 lost 4.54%.
Investors will be hoping for strength from Perion Network as it approaches its next earnings release. In that report, analysts expect Perion Network to post earnings of $0.52 per share. This would mark year-over-year growth of 57.58%. Our most recent consensus estimate is calling for quarterly revenue of $141.65 million, up 13.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.69 per share and revenue of $730.13 million. These totals would mark changes of +8.91% and +14.04%, respectively, from last year.
Any recent changes to analyst estimates for Perion Network should also be noted by investors. These revisions help to show the ever-changing nature of 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 19% higher. Perion Network is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Perion Network has a Forward P/E ratio of 12.74 right now. Its industry sports an average Forward P/E of 21.51, so we one might conclude that Perion Network is trading at a discount comparatively.
We can also see that PERI currently has a PEG ratio of 0.51. 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. Internet - Content stocks are, on average, holding a PEG ratio of 1.94 based on yesterday's closing prices.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow PERI in the coming trading sessions, be sure to utilize Zacks.com.