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Matterport, Inc. (MTTR) Dips More Than Broader Markets: What You Should Know
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Matterport, Inc. (MTTR - Free Report) closed the most recent trading day at $3.47, moving -1.98% from the previous trading session. This move lagged the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.73%, while the tech-heavy Nasdaq lost 4.59%.
Coming into today, shares of the company had gained 21.23% in the past month. In that same time, the Business Services sector gained 6.5%, while the S&P 500 gained 5.83%.
Matterport, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2023. On that day, Matterport, Inc. is projected to report earnings of -$0.10 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $39.96 million, up 47.52% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Matterport, Inc.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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.54% higher. Matterport, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% 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.
To follow MTTR in the coming trading sessions, be sure to utilize Zacks.com.
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Matterport, Inc. (MTTR) Dips More Than Broader Markets: What You Should Know
Matterport, Inc. (MTTR - Free Report) closed the most recent trading day at $3.47, moving -1.98% from the previous trading session. This move lagged the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.73%, while the tech-heavy Nasdaq lost 4.59%.
Coming into today, shares of the company had gained 21.23% in the past month. In that same time, the Business Services sector gained 6.5%, while the S&P 500 gained 5.83%.
Matterport, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2023. On that day, Matterport, Inc. is projected to report earnings of -$0.10 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $39.96 million, up 47.52% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Matterport, Inc.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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.54% higher. Matterport, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% 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.
To follow MTTR in the coming trading sessions, be sure to utilize Zacks.com.