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Taboola.com Ltd. (TBLA) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Taboola.com Ltd. (TBLA - Free Report) closed at $3.75, marking a -1.57% move from the previous day. This change lagged the S&P 500's 1.22% loss on the day. At the same time, the Dow lost 0.83%, and the tech-heavy Nasdaq lost 1.56%.
Heading into today, shares of the company had gained 12.72% over the past month, outpacing the Computer and Technology sector's gain of 2.03% and the S&P 500's gain of 0.54% in that time.
Investors will be hoping for strength from Taboola.com Ltd. as it approaches its next earnings release. In that report, analysts expect Taboola.com Ltd. to post earnings of -$0.04 per share. This would mark a year-over-year decline of 200%. Meanwhile, our latest consensus estimate is calling for revenue of $347.63 million, up 4.56% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.02 per share and revenue of $1.46 billion, which would represent changes of -94.29% and +3.91%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Taboola.com Ltd.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.
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 11.77% lower within the past month. Taboola.com Ltd. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Taboola.com Ltd. is currently trading at a Forward P/E ratio of 190.5. For comparison, its industry has an average Forward P/E of 26.12, which means Taboola.com Ltd. is trading at a premium to the group.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Taboola.com Ltd. (TBLA) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Taboola.com Ltd. (TBLA - Free Report) closed at $3.75, marking a -1.57% move from the previous day. This change lagged the S&P 500's 1.22% loss on the day. At the same time, the Dow lost 0.83%, and the tech-heavy Nasdaq lost 1.56%.
Heading into today, shares of the company had gained 12.72% over the past month, outpacing the Computer and Technology sector's gain of 2.03% and the S&P 500's gain of 0.54% in that time.
Investors will be hoping for strength from Taboola.com Ltd. as it approaches its next earnings release. In that report, analysts expect Taboola.com Ltd. to post earnings of -$0.04 per share. This would mark a year-over-year decline of 200%. Meanwhile, our latest consensus estimate is calling for revenue of $347.63 million, up 4.56% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.02 per share and revenue of $1.46 billion, which would represent changes of -94.29% and +3.91%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Taboola.com Ltd.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.
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 11.77% lower within the past month. Taboola.com Ltd. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Taboola.com Ltd. is currently trading at a Forward P/E ratio of 190.5. For comparison, its industry has an average Forward P/E of 26.12, which means Taboola.com Ltd. is trading at a premium to the group.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.