Zagg (ZAGG - Free Report) closed the most recent trading day at $11.89, moving -0.42% 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%.
Prior to today's trading, shares of the mobile device accessory maker had gained 13.82% over the past month. This has outpaced the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% in that time.
ZAGG will be looking to display strength as it nears its next earnings release. On that day, ZAGG is projected to report earnings of $0.49 per share, which would represent a year-over-year decline of 30.99%. Meanwhile, our latest consensus estimate is calling for revenue of $163.31 million, down 7.7% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for ZAGG. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 has moved 0.49% lower within the past month. ZAGG is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ZAGG currently has a Forward P/E ratio of 7.86. Its industry sports an average Forward P/E of 15.21, so we one might conclude that ZAGG is trading at a discount comparatively.
Meanwhile, ZAGG's PEG ratio is currently 1.05. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Miscellaneous Components was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% 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.