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Why OneSpan (OSPN) Dipped More Than Broader Market Today
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OneSpan (OSPN - Free Report) ended the recent trading session at $16.10, demonstrating a -3.59% change from the preceding day's closing price. This change lagged the S&P 500's 0.58% loss on the day. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
The stock of internet security company has risen by 2.02% in the past month, leading the Computer and Technology sector's gain of 0.12% and the S&P 500's loss of 0.36%.
The upcoming earnings release of OneSpan will be of great interest to investors. On that day, OneSpan is projected to report earnings of $0.22 per share, which would represent a year-over-year decline of 33.33%. At the same time, our most recent consensus estimate is projecting a revenue of $57.3 million, reflecting a 0.42% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.24 per share and revenue of $250.31 million, indicating changes of -16.78% and +2.93%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for OneSpan. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. OneSpan presently features a Zacks Rank of #3 (Hold).
In terms of valuation, OneSpan is currently trading at a Forward P/E ratio of 13.43. This denotes a discount relative to the industry average Forward P/E of 20.46.
Investors should also note that OSPN has a PEG ratio of 1.22 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.08.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Why OneSpan (OSPN) Dipped More Than Broader Market Today
OneSpan (OSPN - Free Report) ended the recent trading session at $16.10, demonstrating a -3.59% change from the preceding day's closing price. This change lagged the S&P 500's 0.58% loss on the day. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
The stock of internet security company has risen by 2.02% in the past month, leading the Computer and Technology sector's gain of 0.12% and the S&P 500's loss of 0.36%.
The upcoming earnings release of OneSpan will be of great interest to investors. On that day, OneSpan is projected to report earnings of $0.22 per share, which would represent a year-over-year decline of 33.33%. At the same time, our most recent consensus estimate is projecting a revenue of $57.3 million, reflecting a 0.42% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.24 per share and revenue of $250.31 million, indicating changes of -16.78% and +2.93%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for OneSpan. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. OneSpan presently features a Zacks Rank of #3 (Hold).
In terms of valuation, OneSpan is currently trading at a Forward P/E ratio of 13.43. This denotes a discount relative to the industry average Forward P/E of 20.46.
Investors should also note that OSPN has a PEG ratio of 1.22 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.08.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.