We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Opera Limited Sponsored ADR (OPRA) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
Opera Limited Sponsored ADR (OPRA - Free Report) closed the latest trading day at $10.96, indicating a -1.17% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added 1.35%.
Shares of the company have depreciated by 17.61% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.72% and the S&P 500's gain of 0.64%.
The investment community will be paying close attention to the earnings performance of Opera Limited Sponsored ADR in its upcoming release. The company is expected to report EPS of $0.18, down 33.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $112.2 million, showing a 16.55% escalation compared to the year-ago quarter.
Any recent changes to analyst estimates for Opera Limited Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, there's been no change in the Zacks Consensus EPS estimate. As of now, Opera Limited Sponsored ADR holds a Zacks Rank of #3 (Hold).
In the context of valuation, Opera Limited Sponsored ADR is at present trading with a Forward P/E ratio of 14.59. This expresses a discount compared to the average Forward P/E of 14.64 of its industry.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Opera Limited Sponsored ADR (OPRA) Stock Slides as Market Rises: Facts to Know Before You Trade
Opera Limited Sponsored ADR (OPRA - Free Report) closed the latest trading day at $10.96, indicating a -1.17% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added 1.35%.
Shares of the company have depreciated by 17.61% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.72% and the S&P 500's gain of 0.64%.
The investment community will be paying close attention to the earnings performance of Opera Limited Sponsored ADR in its upcoming release. The company is expected to report EPS of $0.18, down 33.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $112.2 million, showing a 16.55% escalation compared to the year-ago quarter.
Any recent changes to analyst estimates for Opera Limited Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, there's been no change in the Zacks Consensus EPS estimate. As of now, Opera Limited Sponsored ADR holds a Zacks Rank of #3 (Hold).
In the context of valuation, Opera Limited Sponsored ADR is at present trading with a Forward P/E ratio of 14.59. This expresses a discount compared to the average Forward P/E of 14.64 of its industry.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.