In the latest trading session, Meet Group (MEET) closed at $5.11, marking a -1.73% move from the previous day. This move lagged the S&P 500's daily gain of 0.36%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.34%.
Heading into today, shares of the dating site company had lost 12.31% over the past month, lagging the Computer and Technology sector's gain of 1.96% and the S&P 500's gain of 0.64% in that time.
Investors will be hoping for strength from MEET as it approaches its next earnings release. The company is expected to report EPS of $0.09, up 80% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $47.70 million, up 26.73% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.48 per share and revenue of $211.30 million. These totals would mark changes of +33.33% and +18.3%, respectively, from last year.
Any recent changes to analyst estimates for MEET should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 has moved 20% higher. MEET is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, MEET is holding a Forward P/E ratio of 10.83. Its industry sports an average Forward P/E of 55.6, so we one might conclude that MEET is trading at a discount comparatively.
We can also see that MEET currently has a PEG ratio of 0.54. 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 - Software industry currently had an average PEG ratio of 3.08 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.