Asure Software Inc (ASUR) Stock Sinks As Market Gains: What You Should Know
Asure Software Inc (ASUR) closed the most recent trading day at $12.26, moving -0.33% from the previous trading session. This change lagged the S&P 500's daily gain of 0.37%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 1.26%.
Prior to today's trading, shares of the company had lost 2.07% over the past month. This has lagged the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 4.31% in that time.
Asure Software Inc will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.01, up 125% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $25.36 million, up 24.91% from the prior-year quarter.
ASUR's full-year Zacks Consensus Estimates are calling for earnings of $0.41 per share and revenue of $111.92 million. These results would represent year-over-year changes of +173.33% and +16.79%, respectively.
Investors should also note any recent changes to analyst estimates for Asure Software Inc. Recent revisions tend to reflect the latest near-term business trends. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Asure Software Inc is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Asure Software Inc is currently trading at a Forward P/E ratio of 30. Its industry sports an average Forward P/E of 30.79, so we one might conclude that Asure Software Inc is trading at a discount comparatively.
Meanwhile, ASUR's PEG ratio is currently 1.11. 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 group has a Zacks Industry Rank of 23, putting it in the top 10% 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
