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Why OneSpan (OSPN) Outpaced the Stock Market Today
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OneSpan (OSPN - Free Report) closed the most recent trading day at $18.42, moving +1.66% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.66% for the day. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the internet security company had gained 8.5% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 0.55%.
Market participants will be closely following the financial results of OneSpan in its upcoming release. The company is predicted to post an EPS of $0.22, indicating a 33.33% decline compared to the equivalent quarter last 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.24 per share and revenue of $250.31 million, which would represent changes of -16.78% and +2.93%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. OneSpan is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, OneSpan is currently trading at a Forward P/E ratio of 14.57. For comparison, its industry has an average Forward P/E of 19.59, which means OneSpan is trading at a discount to the group.
We can additionally observe that OSPN currently boasts a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.17 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 35% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Why OneSpan (OSPN) Outpaced the Stock Market Today
OneSpan (OSPN - Free Report) closed the most recent trading day at $18.42, moving +1.66% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.66% for the day. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the internet security company had gained 8.5% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 0.55%.
Market participants will be closely following the financial results of OneSpan in its upcoming release. The company is predicted to post an EPS of $0.22, indicating a 33.33% decline compared to the equivalent quarter last 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.24 per share and revenue of $250.31 million, which would represent changes of -16.78% and +2.93%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. OneSpan is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, OneSpan is currently trading at a Forward P/E ratio of 14.57. For comparison, its industry has an average Forward P/E of 19.59, which means OneSpan is trading at a discount to the group.
We can additionally observe that OSPN currently boasts a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.17 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 35% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.