OneSpan (OSPN) Beats Stock Market Upswing: What Investors Need to Know

OneSpan (OSPN) closed at $16.30 in the latest trading session, marking a +1.94% move from the prior day. This change outpaced the S&P 500's 0.59% gain on the day. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.44%. The stock of internet security company has risen by 7.68% in the past month, equaling the Computer and Technology sector and overreaching the S&P 500's gain of 2.72%.The investment community will be closely monitoring the performance of OneSpan in its forthcoming earnings report. The company's upcoming EPS is projected at $0.28, signifying a 15.15% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $58.36 million, reflecting a 3.77% rise from the equivalent quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.44 per share and revenue of $249.3 million, indicating changes of +9.09% and +2.52%, respectively, compared to the previous year. Any recent changes to analyst estimates for OneSpan should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, OneSpan boasts a Zacks Rank of #3 (Hold). In the context of valuation, OneSpan is at present trading with a Forward P/E ratio of 11.1. This signifies a discount in comparison to the average Forward P/E of 30.06 for its industry. The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries. 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. To follow OSPN in the coming trading sessions, be sure to utilize Zacks.com. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONESPAN INC (OSPN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks