We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Synchronoss (SNCR) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Synchronoss (SNCR - Free Report) closed the most recent trading day at $6.21, moving -2.97% from the previous trading session. This move lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.48%.
Heading into today, shares of the mobile services company had gained 6.31% over the past month, lagging the Computer and Technology sector's gain of 7.4% and outpacing the S&P 500's gain of 2.87%.
Investors will be eagerly watching for the performance of Synchronoss in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.31, marking a 219.23% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $42.96 million, indicating stability compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.02 per share and revenue of $172.32 million, which would represent changes of -37.42% and -0.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Synchronoss. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Synchronoss is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Synchronoss's current valuation metrics, including its Forward P/E ratio of 6.27. This denotes a discount relative to the industry average Forward P/E of 29.71.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Synchronoss (SNCR) Stock Sinks As Market Gains: What You Should Know
Synchronoss (SNCR - Free Report) closed the most recent trading day at $6.21, moving -2.97% from the previous trading session. This move lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.48%.
Heading into today, shares of the mobile services company had gained 6.31% over the past month, lagging the Computer and Technology sector's gain of 7.4% and outpacing the S&P 500's gain of 2.87%.
Investors will be eagerly watching for the performance of Synchronoss in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.31, marking a 219.23% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $42.96 million, indicating stability compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.02 per share and revenue of $172.32 million, which would represent changes of -37.42% and -0.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Synchronoss. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Synchronoss is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Synchronoss's current valuation metrics, including its Forward P/E ratio of 6.27. This denotes a discount relative to the industry average Forward P/E of 29.71.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.