The newest buying and selling session ended with Synchronoss (SNCR) standing at $10.05, reflecting a +1.21% shift from the previouse buying and selling day’s closing. The inventory outperformed the S&P 500, which registered a every day lack of 0.95%. However, the Dow registered a lack of 0.99%, and the technology-centric Nasdaq decreased by 1.36%.
The cellular companies firm’s shares have seen a rise of 13.1% during the last month, surpassing the Pc and Know-how sector’s lack of 1.55% and the S&P 500’s acquire of 1.86%.
Traders might be eagerly looking forward to the efficiency of Synchronoss in its upcoming earnings disclosure. The corporate’s earnings per share (EPS) are projected to be $0.10, reflecting a 111.76% improve from the identical quarter final yr. In the meantime, our newest consensus estimate is looking for income of $43.64 million, up 5.41% from the prior-year quarter.
Traders also needs to take note of any newest modifications in analyst estimates for Synchronoss. Current revisions are likely to replicate the most recent near-term enterprise tendencies. Therefore, constructive alterations in estimates signify analyst optimism concerning the corporate’s enterprise and profitability.
Our analysis demonstrates that these changes in estimates instantly affiliate with imminent inventory value efficiency. To make the most of this, now we have created the Zacks Rank, a proprietary mannequin that integrates these estimate modifications and gives a practical ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a outstanding, outside-audited observe file of success, with #1 shares delivering a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. Synchronoss at present has a Zacks Rank of #1 (Sturdy Purchase).
valuation, Synchronoss is presently buying and selling at a Ahead P/E ratio of 6.82. This represents a reduction in comparison with its trade’s common Ahead P/E of 31.59.
The Web – Software program trade is a part of the Pc and Know-how sector. This group has a Zacks Business Rank of 73, placing it within the prime 30% of all 250+ industries.
The Zacks Business Rank assesses the energy of our separate trade teams by calculating the common Zacks Rank of the person shares contained throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to make use of Zacks.com to maintain observe of all these stock-moving metrics, and others, within the upcoming buying and selling periods.
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Synchronoss Technologies, Inc. (SNCR) : Free Stock Analysis Report
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