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) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Immersion (IMMR - Free Report) closed the most recent trading day at $6.76, moving -1.17% from the previous trading session. This change lagged the S&P 500's daily loss of 0.63%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.63%.
The touch-based technology company's shares have seen an increase of 1.03% over the last month, surpassing the Computer and Technology sector's loss of 1.17% and the S&P 500's loss of 2.35%.
Market participants will be closely following the financial results of Immersion in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 57.14% decrease from the same quarter last year. 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 project earnings of $0.75 per share and a revenue of $31 million, demonstrating changes of -14.77% and -19.4%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Immersion. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Immersion is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Immersion is holding a Forward P/E ratio of 9.12. Its industry sports an average Forward P/E of 22.38, so one might conclude that Immersion is trading at a discount comparatively.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow IMMR in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Immersion (IMMR) Registers a Bigger Fall Than the Market: Important Facts to Note
Immersion (IMMR - Free Report) closed the most recent trading day at $6.76, moving -1.17% from the previous trading session. This change lagged the S&P 500's daily loss of 0.63%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.63%.
The touch-based technology company's shares have seen an increase of 1.03% over the last month, surpassing the Computer and Technology sector's loss of 1.17% and the S&P 500's loss of 2.35%.
Market participants will be closely following the financial results of Immersion in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 57.14% decrease from the same quarter last year. 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 project earnings of $0.75 per share and a revenue of $31 million, demonstrating changes of -14.77% and -19.4%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Immersion. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Immersion is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Immersion is holding a Forward P/E ratio of 9.12. Its industry sports an average Forward P/E of 22.38, so one might conclude that Immersion is trading at a discount comparatively.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow IMMR in the coming trading sessions, be sure to utilize Zacks.com.