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Match Group (MTCH) Stock Sinks As Market Gains: What You Should Know

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Match Group (MTCH - Free Report) closed the most recent trading day at $71.44, moving -1.91% from the previous trading session. This change lagged the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.05%.

Coming into today, shares of the online dating company had lost 14.15% in the past month. In that same time, the Computer and Technology sector gained 3.77%, while the S&P 500 gained 3.85%.

MTCH will be looking to display strength as it nears its next earnings release. In that report, analysts expect MTCH to post earnings of $0.47 per share. This would mark year-over-year growth of 20.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $541.38 million, up 21.95% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.97 per share and revenue of $2.07 billion. These totals would mark changes of +29.61% and +19.48%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for MTCH. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MTCH is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note MTCH's current valuation metrics, including its Forward P/E ratio of 36.9. For comparison, its industry has an average Forward P/E of 26.17, which means MTCH is trading at a premium to the group.

We can also see that MTCH currently has a PEG ratio of 2.21. 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 - Services was holding an average PEG ratio of 2.46 at yesterday's closing price.

The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 41% 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.


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