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Momo Inc. (MOMO) Gains As Market Dips: What You Should Know
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Momo Inc. (MOMO - Free Report) closed the most recent trading day at $31.72, moving +0.67% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.15%. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, 0%.
Heading into today, shares of the company had lost 17.12% over the past month, lagging the Computer and Technology sector's loss of 5.26% and the S&P 500's loss of 1.27% in that time.
MOMO will be looking to display strength as it nears its next earnings release, which is expected to be November 27, 2018. The company is expected to report EPS of $0.54, up 20% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $536 million, up 51.22% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.50 per share and revenue of $2.05 billion, which would represent changes of +41.24% and +55.36%, respectively, from the prior year.
Any recent changes to analyst estimates for MOMO should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% lower. MOMO currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, MOMO is holding a Forward P/E ratio of 12.59. This valuation marks a discount compared to its industry's average Forward P/E of 31.38.
We can also see that MOMO currently has a PEG ratio of 0.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software and Services stocks are, on average, holding a PEG ratio of 2.38 based on yesterday's closing prices.
The Internet - Software and Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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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Momo Inc. (MOMO) Gains As Market Dips: What You Should Know
Momo Inc. (MOMO - Free Report) closed the most recent trading day at $31.72, moving +0.67% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.15%. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, 0%.
Heading into today, shares of the company had lost 17.12% over the past month, lagging the Computer and Technology sector's loss of 5.26% and the S&P 500's loss of 1.27% in that time.
MOMO will be looking to display strength as it nears its next earnings release, which is expected to be November 27, 2018. The company is expected to report EPS of $0.54, up 20% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $536 million, up 51.22% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.50 per share and revenue of $2.05 billion, which would represent changes of +41.24% and +55.36%, respectively, from the prior year.
Any recent changes to analyst estimates for MOMO should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% lower. MOMO currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, MOMO is holding a Forward P/E ratio of 12.59. This valuation marks a discount compared to its industry's average Forward P/E of 31.38.
We can also see that MOMO currently has a PEG ratio of 0.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software and Services stocks are, on average, holding a PEG ratio of 2.38 based on yesterday's closing prices.
The Internet - Software and Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.