Meet Group (MEET - Free Report) closed the most recent trading day at $5.81, moving -0.68% from the previous trading session. This move lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Coming into today, shares of the dating site company had gained 5.22% in the past month. In that same time, the Computer and Technology sector gained 5.75%, while the S&P 500 gained 4.48%.
MEET will be looking to display strength as it nears its next earnings release, which is expected to be March 6, 2019. The company is expected to report EPS of $0.12, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $52.30 million, up 30.36% from the year-ago period.
It is also important to note the recent changes to analyst estimates for MEET. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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. The Zacks Consensus EPS estimate remained stagnant within the past month. MEET is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that MEET has a Forward P/E ratio of 13.77 right now. For comparison, its industry has an average Forward P/E of 52.77, which means MEET is trading at a discount to the group.
Investors should also note that MEET has a PEG ratio of 0.69 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. MEET's industry had an average PEG ratio of 2.84 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% 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.