Meet Group (MEET) closed the most recent trading day at $5.26, moving +0.38% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the dating site company had lost 4.9% over the past month. This has lagged the Computer and Technology sector's gain of 6.02% and the S&P 500's gain of 4.87% in that time.
MEET will be looking to display strength as it nears its next earnings release. On that day, MEET is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 80%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $47.70 million, up 26.73% from the year-ago period.
MEET's full-year Zacks Consensus Estimates are calling for earnings of $0.48 per share and revenue of $211.30 million. These results would represent year-over-year changes of +33.33% and +18.3%, respectively.
It is also important to note the recent changes to analyst estimates for MEET. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. MEET is currently a Zacks Rank #2 (Buy).
Digging into valuation, MEET currently has a Forward P/E ratio of 10.92. This valuation marks a discount compared to its industry's average Forward P/E of 53.5.
Investors should also note that MEET has a PEG ratio of 0.55 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 - Software was holding an average PEG ratio of 3.24 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MeetMe, Inc. (MEET) : Free Stock Analysis Report
To read this article on Zacks.com click here.