Gold.com (GOLD) ended the recent trading session at $32.16, demonstrating a +1.29% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.24%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.23%.
Shares of the precious metals trading company witnessed a gain of 25.1% over the previous month, beating the performance of the Finance sector with its gain of 3.36%, and the S&P 500's gain of 1.31%.
The investment community will be closely monitoring the performance of Gold.com in its forthcoming earnings report. The company is forecasted to report an EPS of $0.7, showcasing a 27.27% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.73 billion, showing a 0.52% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.8 per share and a revenue of $12.01 billion, indicating changes of +29.03% and +9.37%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Goldcom. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Gold.com possesses a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Gold.com has a Forward P/E ratio of 11.34 right now. This signifies a discount in comparison to the average Forward P/E of 12.24 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% 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.
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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Gold.com Inc. (GOLD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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