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OneSpan (OSPN) Stock Sinks As Market Gains: Here's Why
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OneSpan (OSPN - Free Report) closed at $17.48 in the latest trading session, marking a -2.62% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
Shares of the internet security company have appreciated by 15.14% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.37%, and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of OneSpan in its upcoming release. It is anticipated that the company will report an EPS of $0.22, marking a 33.33% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $57.3 million, indicating a 0.42% growth compared to the corresponding quarter of the prior 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. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, OneSpan boasts a Zacks Rank of #3 (Hold).
With respect to valuation, OneSpan is currently being traded at a Forward P/E ratio of 14.44. This denotes a discount relative to the industry average Forward P/E of 20.16.
It's also important to note that OSPN currently trades at a PEG ratio of 1.31. 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. The Internet - Software was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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OneSpan (OSPN) Stock Sinks As Market Gains: Here's Why
OneSpan (OSPN - Free Report) closed at $17.48 in the latest trading session, marking a -2.62% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
Shares of the internet security company have appreciated by 15.14% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.37%, and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of OneSpan in its upcoming release. It is anticipated that the company will report an EPS of $0.22, marking a 33.33% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $57.3 million, indicating a 0.42% growth compared to the corresponding quarter of the prior 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. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, OneSpan boasts a Zacks Rank of #3 (Hold).
With respect to valuation, OneSpan is currently being traded at a Forward P/E ratio of 14.44. This denotes a discount relative to the industry average Forward P/E of 20.16.
It's also important to note that OSPN currently trades at a PEG ratio of 1.31. 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. The Internet - Software was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.