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TriplePoint Venture Growth (TPVG) Stock Moves -1.13%: What You Should Know
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TriplePoint Venture Growth (TPVG - Free Report) closed at $12.21 in the latest trading session, marking a -1.13% move from the prior day. This move was narrower than the S&P 500's daily loss of 3.09%. Elsewhere, the Dow lost 2.41%, while the tech-heavy Nasdaq lost 4.43%.
Coming into today, shares of the investment company had lost 7.63% in the past month. In that same time, the Finance sector lost 7.73%, while the S&P 500 lost 6.27%.
Investors will be hoping for strength from TPVG as it approaches its next earnings release, which is expected to be November 5, 2018. On that day, TPVG is projected to report earnings of $0.50 per share, which would represent year-over-year growth of 85.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.88 million, up 90.83% from the year-ago period.
TPVG's full-year Zacks Consensus Estimates are calling for earnings of $1.74 per share and revenue of $56.37 million. These results would represent year-over-year changes of +8.07% and +9.43%, respectively.
Investors should also note any recent changes to analyst estimates for TPVG. These recent revisions tend to reflect the evolving nature of short-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TPVG is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note TPVG's current valuation metrics, including its Forward P/E ratio of 7.09. This represents a discount compared to its industry's average Forward P/E of 9.62.
We can also see that TPVG currently has a PEG ratio of 2.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - SBIC & Commercial Industry was holding an average PEG ratio of 3.23 at yesterday's closing price.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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TriplePoint Venture Growth (TPVG) Stock Moves -1.13%: What You Should Know
TriplePoint Venture Growth (TPVG - Free Report) closed at $12.21 in the latest trading session, marking a -1.13% move from the prior day. This move was narrower than the S&P 500's daily loss of 3.09%. Elsewhere, the Dow lost 2.41%, while the tech-heavy Nasdaq lost 4.43%.
Coming into today, shares of the investment company had lost 7.63% in the past month. In that same time, the Finance sector lost 7.73%, while the S&P 500 lost 6.27%.
Investors will be hoping for strength from TPVG as it approaches its next earnings release, which is expected to be November 5, 2018. On that day, TPVG is projected to report earnings of $0.50 per share, which would represent year-over-year growth of 85.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.88 million, up 90.83% from the year-ago period.
TPVG's full-year Zacks Consensus Estimates are calling for earnings of $1.74 per share and revenue of $56.37 million. These results would represent year-over-year changes of +8.07% and +9.43%, respectively.
Investors should also note any recent changes to analyst estimates for TPVG. These recent revisions tend to reflect the evolving nature of short-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TPVG is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note TPVG's current valuation metrics, including its Forward P/E ratio of 7.09. This represents a discount compared to its industry's average Forward P/E of 9.62.
We can also see that TPVG currently has a PEG ratio of 2.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - SBIC & Commercial Industry was holding an average PEG ratio of 3.23 at yesterday's closing price.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.