We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Immersion (IMMR) Ascends But Remains Behind Market: Some Facts to Note
Read MoreHide Full Article
Immersion (IMMR - Free Report) closed at $6.84 in the latest trading session, marking a +0.29% move from the prior day. This change lagged the S&P 500's 0.43% gain on the day. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.71%.
Heading into today, shares of the touch-based technology company had gained 1.19% over the past month, outpacing the Computer and Technology sector's loss of 1.56% and the S&P 500's loss of 2.1% in that time.
The investment community will be paying close attention to the earnings performance of Immersion in its upcoming release. The company is expected to report EPS of $0.12, down 57.14% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $7.7 million, indicating a 45.04% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and revenue of $31 million, which would represent changes of -14.77% and -19.4%, respectively, from the prior year.
Any recent changes to analyst estimates for Immersion should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Immersion is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Immersion's current valuation metrics, including its Forward P/E ratio of 9.09. This signifies a discount in comparison to the average Forward P/E of 22.82 for its industry.
The Computer - Peripheral Equipment 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 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Immersion (IMMR) Ascends But Remains Behind Market: Some Facts to Note
Immersion (IMMR - Free Report) closed at $6.84 in the latest trading session, marking a +0.29% move from the prior day. This change lagged the S&P 500's 0.43% gain on the day. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.71%.
Heading into today, shares of the touch-based technology company had gained 1.19% over the past month, outpacing the Computer and Technology sector's loss of 1.56% and the S&P 500's loss of 2.1% in that time.
The investment community will be paying close attention to the earnings performance of Immersion in its upcoming release. The company is expected to report EPS of $0.12, down 57.14% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $7.7 million, indicating a 45.04% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and revenue of $31 million, which would represent changes of -14.77% and -19.4%, respectively, from the prior year.
Any recent changes to analyst estimates for Immersion should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Immersion is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Immersion's current valuation metrics, including its Forward P/E ratio of 9.09. This signifies a discount in comparison to the average Forward P/E of 22.82 for its industry.
The Computer - Peripheral Equipment 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 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.