OneSpan (OSPN) closed the most recent trading day at $15.96, moving +1.2% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.55%. On the other hand, the Dow registered a loss of 0.19%, and the technology-centric Nasdaq decreased by 0.95%.
Prior to today's trading, shares of the internet security company had gained 10.59% outpaced the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of OneSpan in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.28, showcasing a 15.15% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $58.36 million, indicating a 3.77% upward movement from the same quarter last year.
OSPN's full-year Zacks Consensus Estimates are calling for earnings of $1.44 per share and revenue of $249.3 million. These results would represent year-over-year changes of +9.09% and +2.52%, respectively.
Investors might also notice recent changes to analyst estimates for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term 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. Over the past month, there's been a 0.43% rise in the Zacks Consensus EPS estimate. Currently, OneSpan is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that OneSpan has a Forward P/E ratio of 10.95 right now. This indicates a discount in contrast to its industry's Forward P/E of 32.31.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 70, positioning it in the top 29% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ONESPAN INC (OSPN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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