Identiv (INVE - Free Report) closed at $5.16 in the latest trading session, marking a -0.77% move from the prior day. This change lagged the S&P 500's daily gain of 0.5%. Elsewhere, the Dow gained 0.54%, while the tech-heavy Nasdaq added 0.76%.
Heading into today, shares of the security technology company had gained 13.04% over the past month, outpacing the Computer and Technology sector's gain of 3.93% and the S&P 500's gain of 2.53% in that time.
INVE will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.08, up 42.86% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.69 million, up 19.09% from the year-ago period.
INVE's full-year Zacks Consensus Estimates are calling for earnings of -$0.03 per share and revenue of $92.97 million. These results would represent year-over-year changes of +85% and +18.97%, respectively.
Investors should also note any recent changes to analyst estimates for INVE. These recent revisions tend to reflect the evolving nature of short-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 33.33% higher within the past month. INVE is currently sporting a Zacks Rank of #3 (Hold).
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 27% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.