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OneSpan (OSPN) Dips More Than Broader Market: What You Should Know
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In the latest trading session, OneSpan (OSPN - Free Report) closed at $17.69, marking a -1.78% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Heading into today, shares of the internet security company had gained 17.18% over the past month, outpacing the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of OneSpan in its upcoming earnings disclosure. The company is expected to report EPS of $0.22, down 33.33% from the prior-year quarter. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.24 per share and a revenue of $250.31 million, signifying shifts of -16.78% and +2.93%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for OneSpan. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, OneSpan is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, OneSpan currently has a Forward P/E ratio of 14.48. This represents a discount compared to its industry average Forward P/E of 19.86.
Meanwhile, OSPN's PEG ratio is currently 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. OSPN's industry had an average PEG ratio of 1.15 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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.
View the Zacks #1 Rank List
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OneSpan (OSPN) Dips More Than Broader Market: What You Should Know
In the latest trading session, OneSpan (OSPN - Free Report) closed at $17.69, marking a -1.78% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Heading into today, shares of the internet security company had gained 17.18% over the past month, outpacing the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of OneSpan in its upcoming earnings disclosure. The company is expected to report EPS of $0.22, down 33.33% from the prior-year quarter. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.24 per share and a revenue of $250.31 million, signifying shifts of -16.78% and +2.93%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for OneSpan. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, OneSpan is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, OneSpan currently has a Forward P/E ratio of 14.48. This represents a discount compared to its industry average Forward P/E of 19.86.
Meanwhile, OSPN's PEG ratio is currently 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. OSPN's industry had an average PEG ratio of 1.15 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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.