Turtle Beach (HEAR - Free Report) closed at $16.46 in the latest trading session, marking a +0.61% move from the prior day. This change outpaced the S&P 500's 0.45% gain on the day. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq gained 0.42%.
Heading into today, shares of the audio technology company had lost 5.49% over the past month, lagging the Computer and Technology sector's loss of 0.69% and the S&P 500's loss of 1.64% in that time.
HEAR will be looking to display strength as it nears its next earnings release, which is expected to be March 5, 2019. On that day, HEAR is projected to report earnings of $1.04 per share, which would represent a year-over-year decline of 10.34%. Our most recent consensus estimate is calling for quarterly revenue of $94.33 million, up 18.36% from the year-ago period.
Investors might also notice recent changes to analyst estimates for HEAR. 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 company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 remained stagnant. HEAR is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, HEAR is holding a Forward P/E ratio of 9.23. This valuation marks a discount compared to its industry's average Forward P/E of 18.63.
Investors should also note that HEAR has a PEG ratio of 0.62 right now. 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 Communication - Components industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Communication - Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 38% 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.