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Immersion (IMMR) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, Immersion (IMMR - Free Report) closed at $9.02, marking a +1.23% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.05%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 0.4%.
The touch-based technology company's shares have seen an increase of 6.71% over the last month, surpassing the Computer and Technology sector's gain of 4.59% and the S&P 500's gain of 5.75%.
The investment community will be closely monitoring the performance of Immersion in its forthcoming earnings report. The company is expected to report EPS of $0.15, up 87.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.13 million, up 6.86% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.96 per share and a revenue of $116.8 million, signifying shifts of +88.46% and +244.35%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Immersion. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Immersion is currently a Zacks Rank #3 (Hold).
Investors should also note Immersion's current valuation metrics, including its Forward P/E ratio of 4.55. This expresses a discount compared to the average Forward P/E of 17.78 of its industry.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Immersion (IMMR) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Immersion (IMMR - Free Report) closed at $9.02, marking a +1.23% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.05%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 0.4%.
The touch-based technology company's shares have seen an increase of 6.71% over the last month, surpassing the Computer and Technology sector's gain of 4.59% and the S&P 500's gain of 5.75%.
The investment community will be closely monitoring the performance of Immersion in its forthcoming earnings report. The company is expected to report EPS of $0.15, up 87.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.13 million, up 6.86% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.96 per share and a revenue of $116.8 million, signifying shifts of +88.46% and +244.35%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Immersion. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Immersion is currently a Zacks Rank #3 (Hold).
Investors should also note Immersion's current valuation metrics, including its Forward P/E ratio of 4.55. This expresses a discount compared to the average Forward P/E of 17.78 of its industry.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.