Yahoo Finance Asure Software Inc (ASUR) Dips More Than Broader Markets: What You Should Know
Asure Software Inc (ASUR) closed at $13.78 in the latest trading session, marking a -1.71% move from the prior day. This change lagged the S&P 500's daily loss of 0.72%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 1.39%.
Prior to today's trading, shares of the company had gained 0.36% over the past month. This has outpaced the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 0.68% in that time.
Investors will be hoping for strength from Asure Software Inc as it approaches its next earnings release, which is expected to be May 8, 2023. On that day, Asure Software Inc is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 63.64%. Our most recent consensus estimate is calling for quarterly revenue of $29.27 million, up 20.3% from the year-ago period.
ASUR's full-year Zacks Consensus Estimates are calling for earnings of $0.35 per share and revenue of $105.74 million. These results would represent year-over-year changes of +133.33% and +10.35%, respectively.
It is also important to note the recent changes to analyst estimates for Asure Software Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Asure Software Inc is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Asure Software Inc currently has a Forward P/E ratio of 40.64. For comparison, its industry has an average Forward P/E of 37.79, which means Asure Software Inc is trading at a premium to the group.
Investors should also note that ASUR has a PEG ratio of 1.63 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Delivery Services stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices.
The Internet - Delivery Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 125, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Asure Software Inc (ASUR) : Free Stock Analysis Report
