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Universal Display Corp. (OLED) Outpaces Stock Market Gains: What You Should Know
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Universal Display Corp. (OLED - Free Report) closed at $194.20 in the latest trading session, marking a +0.62% move from the prior day. This move outpaced the S&P 500's daily gain of 0.45%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.75%.
Coming into today, shares of the organic light-emitting diode technology company had gained 12.1% in the past month. In that same time, the Computer and Technology sector gained 5.19%, while the S&P 500 gained 3.84%.
OLED will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.46, up 100% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $76.91 million, up 36.97% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.44 per share and revenue of $357.92 million, which would represent changes of +96.77% and +44.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for OLED. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. OLED is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that OLED has a Forward P/E ratio of 79.02 right now. This represents a premium compared to its industry's average Forward P/E of 17.31.
Investors should also note that OLED has a PEG ratio of 2.63 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. Electronics - Miscellaneous Components stocks are, on average, holding a PEG ratio of 1.64 based on yesterday's closing prices.
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Universal Display Corp. (OLED) Outpaces Stock Market Gains: What You Should Know
Universal Display Corp. (OLED - Free Report) closed at $194.20 in the latest trading session, marking a +0.62% move from the prior day. This move outpaced the S&P 500's daily gain of 0.45%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.75%.
Coming into today, shares of the organic light-emitting diode technology company had gained 12.1% in the past month. In that same time, the Computer and Technology sector gained 5.19%, while the S&P 500 gained 3.84%.
OLED will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.46, up 100% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $76.91 million, up 36.97% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.44 per share and revenue of $357.92 million, which would represent changes of +96.77% and +44.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for OLED. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. OLED is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that OLED has a Forward P/E ratio of 79.02 right now. This represents a premium compared to its industry's average Forward P/E of 17.31.
Investors should also note that OLED has a PEG ratio of 2.63 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. Electronics - Miscellaneous Components stocks are, on average, holding a PEG ratio of 1.64 based on yesterday's closing prices.
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.