Plantronics (PLT) closed the most recent trading day at $48.84, moving +1.12% from the previous trading session. This change outpaced the S&P 500's 0.5% gain on the day. Elsewhere, the Dow gained 0.54%, while the tech-heavy Nasdaq added 0.76%.
Prior to today's trading, shares of the headset maker had gained 0.77% over the past month. This has lagged the Computer and Technology sector's gain of 3.93% and the S&P 500's gain of 2.53% in that time.
Wall Street will be looking for positivity from PLT as it approaches its next earnings report date. In that report, analysts expect PLT to post earnings of $1.15 per share. This would mark year-over-year growth of 9.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $491.11 million, up 127.22% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.76 per share and revenue of $1.76 billion, which would represent changes of +34.08% and +105.7%, respectively, from the prior year.
Any recent changes to analyst estimates for PLT should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. PLT is currently a Zacks Rank #1 (Strong Buy).
Investors should also note PLT's current valuation metrics, including its Forward P/E ratio of 10.15. This represents a discount compared to its industry's average Forward P/E of 20.45.
The Communication - Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% 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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