Here's Why Synchronoss (SNCR) Fell More Than Broader Market

Company Performance - Synchronoss (SNCR) closed at $6.42, down 1.68% from the previous trading session, underperforming the S&P 500 which lost 0.03% [1] - The stock has decreased by 5.77% over the past month, contrasting with the Computer and Technology sector's gain of 3.02% and the S&P 500's gain of 0.6% [1] Earnings Projections - The upcoming earnings disclosure is projected to show earnings per share (EPS) of $0.25, a decrease of 47.92% from the same quarter last year [2] - Quarterly revenue is estimated at $42.59 million, reflecting a 2% decline from the previous year [2] Annual Forecast - For the entire year, earnings are forecasted at $1.17 per share and revenue at $172.42 million, indicating declines of 28.22% and 0.68% respectively compared to the previous year [3] - Recent analyst estimate revisions suggest a negative outlook, with a 23.91% decrease in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Synchronoss is currently trading at a Forward P/E ratio of 5.58, significantly lower than the industry average Forward P/E of 28.07 [6] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]