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OneSpan (OSPN) Falls More Steeply Than Broader Market: What Investors Need to Know
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OneSpan (OSPN - Free Report) closed the most recent trading day at $10.63, moving -2.03% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.37% for the day. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw a decrease of 0.84%.
Prior to today's trading, shares of the internet security company had gained 0.93% outpaced the Computer and Technology sector's loss of 2.83% and the S&P 500's loss of 3.7%.
Analysts and investors alike will be keeping a close eye on the performance of OneSpan in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.36, reflecting a 20% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.94 million, indicating a 3.83% decline compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.26 per share and a revenue of $246.46 million, signifying shifts of -15.44% and +1.35%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for OneSpan. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 14.29% fall in the Zacks Consensus EPS estimate. OneSpan is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, OneSpan is at present trading with a Forward P/E ratio of 8.63. For comparison, its industry has an average Forward P/E of 19.39, which means OneSpan is trading at a discount to the group.
Meanwhile, OSPN's PEG ratio is currently 0.78. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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OneSpan (OSPN) Falls More Steeply Than Broader Market: What Investors Need to Know
OneSpan (OSPN - Free Report) closed the most recent trading day at $10.63, moving -2.03% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.37% for the day. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw a decrease of 0.84%.
Prior to today's trading, shares of the internet security company had gained 0.93% outpaced the Computer and Technology sector's loss of 2.83% and the S&P 500's loss of 3.7%.
Analysts and investors alike will be keeping a close eye on the performance of OneSpan in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.36, reflecting a 20% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.94 million, indicating a 3.83% decline compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.26 per share and a revenue of $246.46 million, signifying shifts of -15.44% and +1.35%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for OneSpan. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 14.29% fall in the Zacks Consensus EPS estimate. OneSpan is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, OneSpan is at present trading with a Forward P/E ratio of 8.63. For comparison, its industry has an average Forward P/E of 19.39, which means OneSpan is trading at a discount to the group.
Meanwhile, OSPN's PEG ratio is currently 0.78. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.