Meet Group (MEET - Free Report) closed the most recent trading day at $5.76, moving +1.41% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.3%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.44%.
Heading into today, shares of the dating site company had gained 5.38% over the past month, outpacing the Computer and Technology sector's gain of 4.56% and the S&P 500's gain of 2.91% in that time.
Investors will be hoping for strength from MEET as it approaches its next earnings release. In that report, analysts expect MEET to post earnings of $0.09 per share. This would mark year-over-year growth of 80%. Our most recent consensus estimate is calling for quarterly revenue of $47.70 million, up 26.73% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.48 per share and revenue of $211.30 million, which would represent changes of +33.33% and +18.3%, respectively, from the prior year.
Any recent changes to analyst estimates for MEET should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 20% higher. MEET is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, MEET is currently trading at a Forward P/E ratio of 11.83. Its industry sports an average Forward P/E of 57.91, so we one might conclude that MEET is trading at a discount comparatively.
Also, we should mention that MEET has a PEG ratio of 0.59. 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 2.75 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.