Synchronoss (SNCR) Surpasses Market Returns: Some Facts Worth Knowing

Group 1 - Synchronoss (SNCR) stock closed at $13.12, reflecting a +1% change from the previous trading day, outperforming the S&P 500's daily gain of 0.25% [1] - Over the past month, Synchronoss shares appreciated by 1.25%, while the Computer and Technology sector experienced a loss of 0.11% and the S&P 500 gained 1.65% [1] Group 2 - The upcoming earnings report for Synchronoss is expected to show an EPS of $0.25, which is a decrease of 44.44% from the same quarter last year, with quarterly revenue anticipated at $43.31 million, down 22.18% year-over-year [2] - Full-year Zacks Consensus Estimates predict earnings of $1.19 per share and revenue of $173.36 million, indicating a year-over-year earnings increase of 184.4% and a revenue decrease of 19.17% [3] Group 3 - Recent changes in analyst estimates for Synchronoss are crucial as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Synchronoss as 1 (Strong Buy), with an average annual return of +25% for 1 ranked stocks since 1988 [6] Group 4 - Synchronoss has a Forward P/E ratio of 10.92, which is significantly lower than the industry's average Forward P/E of 31.07, indicating a valuation discount [7] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 73, placing it in the top 29% of over 250 industries [7]