In the latest trading session, Turtle Beach (HEAR - Free Report) closed at $12.01, marking a +1.26% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the audio technology company had lost 25.83% in the past month. In that same time, the Computer and Technology sector gained 7.18%, while the S&P 500 gained 5.68%.
HEAR will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.03, down 81.25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $41.70 million, up 1.98% from the year-ago period.
HEAR's full-year Zacks Consensus Estimates are calling for earnings of $0.83 per share and revenue of $244.43 million. These results would represent year-over-year changes of -72.79% and -14.96%, respectively.
Investors should also note any recent changes to analyst estimates for HEAR. Recent revisions tend to reflect the latest near-term business trends. 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. 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, 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. The Zacks Consensus EPS estimate has moved 52.74% lower within the past month. HEAR is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note HEAR's current valuation metrics, including its Forward P/E ratio of 14.23. This valuation marks a discount compared to its industry's average Forward P/E of 23.86.
Investors should also note that HEAR has a PEG ratio of 1.58 right now. 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. HEAR's industry had an average PEG ratio of 2.01 as of yesterday's close.
The Communication - Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% 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.