Synchronoss (SNCR) Outperforms Broader Market: What You Need to Know

Company Performance - Synchronoss (SNCR) closed at $6.14, marking a +2.33% move from the prior day, outperforming the S&P 500's daily gain of 1.11% [1] - Over the past month, shares have depreciated by 7.69%, underperforming the Computer and Technology sector's gain of 5.67% and the S&P 500's gain of 3.92% [1] Upcoming Earnings - Synchronoss is projected to report earnings of $0.25 per share, representing a year-over-year decline of 47.92% [2] - The consensus estimate anticipates revenue of $42.59 million, indicating a 2% decrease from the same quarter last year [2] Annual Forecast - Zacks Consensus Estimates forecast earnings of $1.17 per share and revenue of $172.42 million for the year, reflecting changes of -28.22% and -0.68% respectively compared to the previous year [3] - Recent revisions in analyst estimates may indicate evolving short-term business trends, with positive revisions reflecting analyst optimism [3] Valuation Metrics - Synchronoss is currently trading with a Forward P/E ratio of 5.13, significantly lower than the industry average Forward P/E of 28, suggesting it is trading at a discount [6] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 46, placing it in the top 19% of all industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates Synchronoss is currently rated 5 (Strong Sell) [5] - Over the past month, there has been a 23.91% fall in the Zacks Consensus EPS estimate for Synchronoss [5]