Momo Inc. (MOMO - Free Report) closed at $32.80 in the latest trading session, marking a -1.06% move from the prior day. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq lost 0.26%.
Heading into today, shares of the company had lost 14.96% over the past month, lagging the Computer and Technology sector's loss of 0.03% and the S&P 500's loss of 0.19% in that time.
MOMO will be looking to display strength as it nears its next earnings release, which is expected to be May 28, 2019. On that day, MOMO is projected to report earnings of $0.55 per share, which would represent a year-over-year decline of 20.29%. Meanwhile, our latest consensus estimate is calling for revenue of $533.07 million, up 22.51% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.91 per share and revenue of $2.47 billion, which would represent changes of +23.83% and +22.18%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MOMO. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 0.11% lower. MOMO is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, MOMO is currently trading at a Forward P/E ratio of 11.38. This represents a discount compared to its industry's average Forward P/E of 33.99.
We can also see that MOMO currently has a PEG ratio of 0.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software and Services industry currently had an average PEG ratio of 5.02 as of yesterday's close.
The Internet - Software and Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.