Match Group (MTCH) closed at $72.37 in the latest trading session, marking a -0.81% move from the prior day. This change was narrower than the S&P 500's 1.79% loss on the day. At the same time, the Dow lost 1.86%, and the tech-heavy Nasdaq lost 1.56%.
Heading into today, shares of the online dating company had lost 13.12% over the past month, lagging the Computer and Technology sector's gain of 1.04% and the S&P 500's gain of 0.72% in that time.
MTCH will be looking to display strength as it nears its next earnings release. In that report, analysts expect MTCH to post earnings of $0.47 per share. This would mark year-over-year growth of 20.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $541.38 million, up 21.95% from the year-ago period.
MTCH's full-year Zacks Consensus Estimates are calling for earnings of $1.97 per share and revenue of $2.07 billion. These results would represent year-over-year changes of +29.61% and +19.48%, respectively.
Any recent changes to analyst estimates for MTCH should also be noted by investors. These revisions help to show the ever-changing nature of near-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. MTCH is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, MTCH is currently trading at a Forward P/E ratio of 36.96. This represents a premium compared to its industry's average Forward P/E of 25.86.
Investors should also note that MTCH has a PEG ratio of 2.21 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. Internet - Services stocks are, on average, holding a PEG ratio of 2.48 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.