Match Group (MTCH) closed at $70.34 in the latest trading session, marking a -1.97% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.42%.
Prior to today's trading, shares of the online dating company had gained 0.56% over the past month. This has outpaced the Computer and Technology sector's gain of 0.55% and lagged the S&P 500's gain of 2.2% in that time.
Wall Street will be looking for positivity from MTCH as it approaches its nex t earnings report date. The company is expected to report EPS of $0.45, up 9.76% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $488.63 million, up 16.01% from the year-ago period.
MTCH's full-year Zacks Consensus Estimates are calling for earnings of $1.91 per share and revenue of $2.01 billion. These results would represent year-over-year changes of +25.66% and +16.35%, respectively.
Investors might also notice 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 remained stagnant. MTCH is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, MTCH is currently trading at a Forward P/E ratio of 37.66. Its industry sports an average Forward P/E of 28.38, so we one might conclude that MTCH is trading at a premium comparatively.
We can also see that MTCH currently has a PEG ratio of 2.49. 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. MTCH's industry had an average PEG ratio of 2.9 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 81, putting it in the top 32% 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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