OneSpan (OSPN) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, OneSpan (OSPN) closed at $15.54, marking a +1.37% move from the previous day. This move outpaced the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq gained 0.94%. Heading into today, shares of the internet security company had gained 11.09% over the past month, outpacing the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 2.32%.The investment community will be paying close attention to the earnings performance of OneSpan in its upcoming release. On that day, OneSpan is projected to report earnings of $0.28 per share, which would represent a year-over-year decline of 15.15%. Meanwhile, our latest consensus estimate is calling for revenue of $58.36 million, up 3.77% from the prior-year quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.44 per share and a revenue of $249.3 million, signifying shifts of +9.09% and +2.52%, respectively, from the last year. It is also important to note the recent changes to analyst estimates for OneSpan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.43% increase. OneSpan is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that OneSpan has a Forward P/E ratio of 10.65 right now. This expresses a discount compared to the average Forward P/E of 31.21 of its industry. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 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. One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>Want 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