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OneSpan (OSPN) closed the most recent trading day at $18.28, moving -1.19% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. Elsewhere, the Dow saw a downswing of 1.63%, while the tech-heavy Nasdaq depreciated by 1.63%.
Heading into today, shares of the internet security company had lost 3.29% over the past month, lagging the Computer and Technology sector's gain of 0.11% and the S&P 500's loss of 2.2% in that time.
Analysts and investors alike will be keeping a close eye on the performance of OneSpan in its upcoming earnings disclosure. On that day, OneSpan is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 42.11%.
Investors should also note any recent changes to analyst estimates for OneSpan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, OneSpan possesses a Zacks Rank of #3 (Hold).
Digging into valuation, OneSpan currently has a Forward P/E ratio of 12.5. For comparison, its industry has an average Forward P/E of 28.07, which means OneSpan is trading at a discount to the group.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank is ordered 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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ONESPAN INC (OSPN) : Free Stock Analysis Report