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Turtle Beach (HEAR) Gains As Market Dips: What You Should Know
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Turtle Beach (HEAR - Free Report) closed the most recent trading day at $19.23, moving +1.8% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.56%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 1.43%.
Heading into today, shares of the audio technology company had lost 27.99% over the past month, lagging the Computer and Technology sector's gain of 1.71% and the S&P 500's gain of 2.44% in that time.
Wall Street will be looking for positivity from HEAR as it approaches its next earnings report date. This is expected to be November 1, 2018. The company is expected to report EPS of $0.47, up 1275% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $65.83 million, up 82.97% from the prior-year quarter.
HEAR's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $257.97 million. These results would represent year-over-year changes of +1004.17% and +72.98%, respectively.
Investors should also note any recent changes to analyst estimates for HEAR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, HEAR is currently trading at a Forward P/E ratio of 8.73. This valuation marks a discount compared to its industry's average Forward P/E of 18.29.
Also, we should mention that HEAR has a PEG ratio of 0.48. 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. Communication - Components stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Communication - Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Turtle Beach (HEAR) Gains As Market Dips: What You Should Know
Turtle Beach (HEAR - Free Report) closed the most recent trading day at $19.23, moving +1.8% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.56%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 1.43%.
Heading into today, shares of the audio technology company had lost 27.99% over the past month, lagging the Computer and Technology sector's gain of 1.71% and the S&P 500's gain of 2.44% in that time.
Wall Street will be looking for positivity from HEAR as it approaches its next earnings report date. This is expected to be November 1, 2018. The company is expected to report EPS of $0.47, up 1275% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $65.83 million, up 82.97% from the prior-year quarter.
HEAR's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $257.97 million. These results would represent year-over-year changes of +1004.17% and +72.98%, respectively.
Investors should also note any recent changes to analyst estimates for HEAR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, HEAR is currently trading at a Forward P/E ratio of 8.73. This valuation marks a discount compared to its industry's average Forward P/E of 18.29.
Also, we should mention that HEAR has a PEG ratio of 0.48. 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. Communication - Components stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Communication - Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.