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OneSpan (OSPN) Stock Falls Amid Market Uptick: What Investors Need to Know
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OneSpan (OSPN - Free Report) closed the most recent trading day at $13.50, moving -1.68% from the previous trading session. This move lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
Shares of the internet security company have appreciated by 6.6% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.22%, and the S&P 500's gain of 0.29%.
Market participants will be closely following the financial results of OneSpan in its upcoming release. The company's earnings per share (EPS) are projected to be $0.25, reflecting a 26.47% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $57.75 million, reflecting a 3.49% fall from the equivalent quarter last 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's also important for investors to be aware of any recent modifications to analyst estimates for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 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 2.51% rise in the Zacks Consensus EPS estimate. OneSpan presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, OneSpan is holding a Forward P/E ratio of 11.16. Its industry sports an average Forward P/E of 18.05, so one might conclude that OneSpan is trading at a discount comparatively.
We can also see that OSPN currently has a PEG ratio of 1.01. 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. OSPN's industry had an average PEG ratio of 1 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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OneSpan (OSPN) Stock Falls Amid Market Uptick: What Investors Need to Know
OneSpan (OSPN - Free Report) closed the most recent trading day at $13.50, moving -1.68% from the previous trading session. This move lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
Shares of the internet security company have appreciated by 6.6% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.22%, and the S&P 500's gain of 0.29%.
Market participants will be closely following the financial results of OneSpan in its upcoming release. The company's earnings per share (EPS) are projected to be $0.25, reflecting a 26.47% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $57.75 million, reflecting a 3.49% fall from the equivalent quarter last 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's also important for investors to be aware of any recent modifications to analyst estimates for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 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 2.51% rise in the Zacks Consensus EPS estimate. OneSpan presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, OneSpan is holding a Forward P/E ratio of 11.16. Its industry sports an average Forward P/E of 18.05, so one might conclude that OneSpan is trading at a discount comparatively.
We can also see that OSPN currently has a PEG ratio of 1.01. 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. OSPN's industry had an average PEG ratio of 1 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.