Synaptics (SYNA - Free Report) closed at $39.18 in the latest trading session, marking a -0.96% move from the prior day. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.6%.
Coming into today, shares of the maker of touch-screen technology had lost 7.7% in the past month. In that same time, the Computer and Technology sector gained 4.32%, while the S&P 500 gained 2.39%.
Investors will be hoping for strength from SYNA as it approaches its next earnings release. The company is expected to report EPS of $0.71, down 22.83% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $342.44 million, down 13.09% from the year-ago period.
SYNA's full-year Zacks Consensus Estimates are calling for earnings of $4.46 per share and revenue of $1.55 billion. These results would represent year-over-year changes of +10.12% and -4.66%, respectively.
Investors might also notice recent changes to analyst estimates for SYNA. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 5.62% lower within the past month. SYNA is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, SYNA currently has a Forward P/E ratio of 8.88. This represents a discount compared to its industry's average Forward P/E of 18.99.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 17% 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.