Everi Holdings (EVRI) closed at $9.81 in the latest trading session, marking a -1.11% move from the prior day. This change was narrower than the S&P 500's 1.9% loss on the day. At the same time, the Dow lost 1.77%, and the tech-heavy Nasdaq lost 2.5%.
Coming into today, shares of the cash access products company had gained 28.66% in the past month. In that same time, the Business Services sector gained 5.75%, while the S&P 500 gained 3.04%.
Investors will be hoping for strength from EVRI as it approaches its next earnings release. The company is expected to report EPS of $0.02, down 66.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $121.88 million, up 9.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.18 per share and revenue of $507.94 million. These totals would mark changes of +80% and +8.18%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for EVRI. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 94.44% higher. EVRI is currently a Zacks Rank #2 (Buy).
In terms of valuation, EVRI is currently trading at a Forward P/E ratio of 56.69. For comparison, its industry has an average Forward P/E of 20.55, which means EVRI is trading at a premium to the group.
Also, we should mention that EVRI has a PEG ratio of 2.83. 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. The Business - Services industry currently had an average PEG ratio of 2.42 as of yesterday's close.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 183, putting it in the bottom 29% 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.
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