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Immersion (IMMR) Gains But Lags Market: What You Should Know
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Immersion (IMMR - Free Report) closed at $6.65 in the latest trading session, marking a +0.15% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.03% for the day. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.
The touch-based technology company's stock has dropped by 1.92% in the past month, falling short of the Computer and Technology sector's gain of 2.52% and the S&P 500's gain of 3.21%.
Analysts and investors alike will be keeping a close eye on the performance of Immersion in its upcoming earnings disclosure. The company is expected to report EPS of $0.19, down 57.78% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.25 million, up 0.98% from the year-ago period.
Any recent changes to analyst estimates for Immersion should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 55.4% upward. At present, Immersion boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Immersion is holding a Forward P/E ratio of 5.77. Its industry sports an average Forward P/E of 22.74, 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. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Immersion (IMMR) Gains But Lags Market: What You Should Know
Immersion (IMMR - Free Report) closed at $6.65 in the latest trading session, marking a +0.15% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.03% for the day. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.
The touch-based technology company's stock has dropped by 1.92% in the past month, falling short of the Computer and Technology sector's gain of 2.52% and the S&P 500's gain of 3.21%.
Analysts and investors alike will be keeping a close eye on the performance of Immersion in its upcoming earnings disclosure. The company is expected to report EPS of $0.19, down 57.78% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.25 million, up 0.98% from the year-ago period.
Any recent changes to analyst estimates for Immersion should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 55.4% upward. At present, Immersion boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Immersion is holding a Forward P/E ratio of 5.77. Its industry sports an average Forward P/E of 22.74, 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. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.