Meet Group (MEET - Free Report) closed at $5.23 in the latest trading session, marking a +0.97% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.21%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the dating site company had lost 5.47% over the past month, lagging the Computer and Technology sector's gain of 5.1% and the S&P 500's gain of 2.57% 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%. Meanwhile, our latest consensus estimate is calling for revenue of $47.70 million, up 26.73% from the prior-year quarter.
MEET's full-year Zacks Consensus Estimates are calling for earnings of $0.48 per share and revenue of $211.30 million. These results would represent year-over-year changes of +33.33% and +18.3%, respectively.
Any recent changes to analyst estimates for MEET should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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 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. Within the past 30 days, our consensus EPS projection has moved 20% higher. MEET is currently a Zacks Rank #2 (Buy).
In terms of valuation, MEET is currently trading at a Forward P/E ratio of 10.79. This represents a discount compared to its industry's average Forward P/E of 56.93.
Also, we should mention that MEET has a PEG ratio of 0.54. 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. Internet - Software stocks are, on average, holding a PEG ratio of 3.15 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% 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.