Asure Software Inc (ASUR) Dips More Than Broader Markets: What You Should Know
Asure Software Inc (ASUR) closed the most recent trading day at $11.80, moving -0.67% from the previous trading session. This change lagged the S&P 500's 0.2% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 9.78%.
Coming into today, shares of the company had lost 6.38% in the past month. In that same time, the Computer and Technology sector gained 4.63%, while the S&P 500 gained 4.16%.
Investors will be hoping for strength from Asure Software Inc as it approaches its next earnings release. In that report, analysts expect Asure Software Inc to post earnings of $0.01 per share. This would mark year-over-year growth of 125%. Meanwhile, our latest consensus estimate is calling for revenue of $25.36 million, up 24.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.41 per share and revenue of $111.92 million. These totals would mark changes of +173.33% and +16.79%, respectively, from last year.
Any recent changes to analyst estimates for Asure Software Inc should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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, the Zacks Consensus EPS estimate remained stagnant. Asure Software Inc is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Asure Software Inc is holding a Forward P/E ratio of 28.98. Its industry sports an average Forward P/E of 29.4, so we one might conclude that Asure Software Inc is trading at a discount comparatively.
Investors should also note that ASUR has a PEG ratio of 1.07 right now. 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 - Delivery Services industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Internet - Delivery Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Asure Software Inc (ASUR) : Free Stock Analysis Report
