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OneSpan (OSPN) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, OneSpan (OSPN - Free Report) closed at $14.14, marking a +1.22% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Prior to today's trading, shares of the internet security company had gained 16.9% outpaced the Computer and Technology sector's loss of 0.74% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of OneSpan in its upcoming earnings disclosure. On that day, OneSpan is projected to report earnings of $0.25 per share, which would represent a year-over-year decline of 26.47%. In the meantime, our current consensus estimate forecasts the revenue to be $57.75 million, indicating a 3.49% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.23 per share and a revenue of $246.53 million, representing changes of -17.45% and +1.38%, respectively, from the prior year.
It is also important to note the recent changes to 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.51% increase. OneSpan is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, OneSpan is currently exchanging hands at a Forward P/E ratio of 11.36. This valuation marks a discount compared to its industry average Forward P/E of 18.47.
It is also worth noting that OSPN currently has a PEG ratio of 1.03. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.03 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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OneSpan (OSPN) Rises As Market Takes a Dip: Key Facts
In the latest trading session, OneSpan (OSPN - Free Report) closed at $14.14, marking a +1.22% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Prior to today's trading, shares of the internet security company had gained 16.9% outpaced the Computer and Technology sector's loss of 0.74% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of OneSpan in its upcoming earnings disclosure. On that day, OneSpan is projected to report earnings of $0.25 per share, which would represent a year-over-year decline of 26.47%. In the meantime, our current consensus estimate forecasts the revenue to be $57.75 million, indicating a 3.49% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.23 per share and a revenue of $246.53 million, representing changes of -17.45% and +1.38%, respectively, from the prior year.
It is also important to note the recent changes to 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.51% increase. OneSpan is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, OneSpan is currently exchanging hands at a Forward P/E ratio of 11.36. This valuation marks a discount compared to its industry average Forward P/E of 18.47.
It is also worth noting that OSPN currently has a PEG ratio of 1.03. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.03 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.