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Weave Communications, Inc. (WEAV) Stock Sinks As Market Gains: What You Should Know
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Weave Communications, Inc. (WEAV - Free Report) closed at $9.66 in the latest trading session, marking a -0.31% move from the prior day. This move lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.22%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the company had lost 5.37% over the past month, lagging the Computer and Technology sector's gain of 0.07% and the S&P 500's loss of 1.27% in that time.
Investors will be hoping for strength from Weave Communications, Inc. as it approaches its next earnings release. On that day, Weave Communications, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 40%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $42.21 million, up 16.51% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.22 per share and revenue of $165.8 million. These totals would mark changes of +54.17% and +16.66%, respectively, from last year.
Any recent changes to analyst estimates for Weave Communications, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Weave Communications, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Communication - Network Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Weave Communications, Inc. (WEAV) Stock Sinks As Market Gains: What You Should Know
Weave Communications, Inc. (WEAV - Free Report) closed at $9.66 in the latest trading session, marking a -0.31% move from the prior day. This move lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.22%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the company had lost 5.37% over the past month, lagging the Computer and Technology sector's gain of 0.07% and the S&P 500's loss of 1.27% in that time.
Investors will be hoping for strength from Weave Communications, Inc. as it approaches its next earnings release. On that day, Weave Communications, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 40%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $42.21 million, up 16.51% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.22 per share and revenue of $165.8 million. These totals would mark changes of +54.17% and +16.66%, respectively, from last year.
Any recent changes to analyst estimates for Weave Communications, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Weave Communications, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Communication - Network Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.