Synchronoss (SNCR) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Synchronoss (SNCR) closed at $9.17, reflecting a +1.55% change from the previous session, outperforming the S&P 500's daily loss of 0.21% [1] - Over the past month, Synchronoss shares appreciated by 1.69%, while the Computer and Technology sector lost 2.15% and the S&P 500 lost 1.56% [1] Upcoming Earnings - The company is expected to report an EPS of $0.10, representing a 111.76% increase from the same quarter last year [2] - Revenue is forecasted at $43.64 million, up 5.41% from the prior-year quarter [2] Analyst Estimates - Recent adjustments to analyst estimates indicate positive sentiment towards Synchronoss's business operations and profit generation capabilities [3] - A 14.71% rise in the Zacks Consensus EPS estimate over the past month suggests increasing analyst confidence [5] Valuation Metrics - Synchronoss is currently trading at a Forward P/E ratio of 6.21, significantly lower than its industry's Forward P/E of 28.24 [6] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 33, placing it in the top 14% of over 250 industries [6] Zacks Rank System - Synchronoss holds a Zacks Rank of 1 (Strong Buy), which has historically outperformed with an average annual gain of +25% since 1988 [5] - The Zacks Rank system is based on the average Zacks Rank of individual stocks within industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]