Heading into today, shares of the audio technology company had lost 4.03% over the past month, lagging the Computer and Technology sector’s gain of 0.89% and the S&P 500’s gain of 0.49% in that time.
Investors will be hoping for strength from HEAR as it approaches its next earnings release. On that day, HEAR is projected to report earnings of $0.22 per share, which would represent year-over-year growth of 222.22%. Meanwhile, our latest consensus estimate is calling for revenue of $84.55 million, up 80.97% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.84 per share and revenue of $302.80 million. These totals would mark changes of -19.23% and +29.04%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for HEAR. These recent revisions tend to reflect the evolving nature of short-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. Within the past 30 days, our consensus EPS projection remained stagnant. HEAR currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, HEAR is holding a Forward P/E ratio of 20.95. This valuation marks a discount compared to its industry’s average Forward P/E of 26.15.
The Communication – Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry