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Turtle Beach (HEAR) Dips More Than Broader Markets: What You Should Know
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Turtle Beach (HEAR - Free Report) closed at $15.85 in the latest trading session, marking a -1.06% move from the prior day. This change lagged the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the audio technology company had lost 2.08% over the past month, lagging the Computer and Technology sector's gain of 10.32% and the S&P 500's gain of 8.01% in that time.
Investors will be hoping for strength from HEAR as it approaches its next earnings release. The company is expected to report EPS of $1.04, down 10.34% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $94.33 million, up 18.36% from the prior-year quarter.
It is also important to note the 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. HEAR is currently a Zacks Rank #3 (Hold).
Investors should also note HEAR's current valuation metrics, including its Forward P/E ratio of 9.03. This valuation marks a discount compared to its industry's average Forward P/E of 20.35.
Also, we should mention that HEAR has a PEG ratio of 0.6. 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. HEAR's industry had an average PEG ratio of 1.82 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 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Turtle Beach (HEAR) Dips More Than Broader Markets: What You Should Know
Turtle Beach (HEAR - Free Report) closed at $15.85 in the latest trading session, marking a -1.06% move from the prior day. This change lagged the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the audio technology company had lost 2.08% over the past month, lagging the Computer and Technology sector's gain of 10.32% and the S&P 500's gain of 8.01% in that time.
Investors will be hoping for strength from HEAR as it approaches its next earnings release. The company is expected to report EPS of $1.04, down 10.34% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $94.33 million, up 18.36% from the prior-year quarter.
It is also important to note the 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. HEAR is currently a Zacks Rank #3 (Hold).
Investors should also note HEAR's current valuation metrics, including its Forward P/E ratio of 9.03. This valuation marks a discount compared to its industry's average Forward P/E of 20.35.
Also, we should mention that HEAR has a PEG ratio of 0.6. 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. HEAR's industry had an average PEG ratio of 1.82 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 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.