Synchronoss (SNCR) Falls More Steeply Than Broader Market: What Investors Need to Know

Group 1 - Synchronoss (SNCR) closed at $7.57, reflecting a -4.42% change from the previous day, underperforming the S&P 500's loss of 0.33% [1] - Over the past month, Synchronoss shares have increased by 13.79%, outperforming the Computer and Technology sector's gain of 5.24% and the S&P 500's gain of 4.07% [1] Group 2 - The upcoming earnings release for Synchronoss is anticipated, with an expected EPS of $0.25, indicating a 47.92% decline year-over-year, and a revenue estimate of $42.59 million, reflecting a 2% decrease from the same quarter last year [2] - For the full year, analysts project earnings of $1.17 per share and revenue of $172.42 million, representing changes of -28.22% and -0.68% respectively from the previous year [3] Group 3 - Recent revisions to analyst forecasts for Synchronoss are important, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates estimate changes, currently rates Synchronoss at 3 (Hold), with the consensus EPS projection remaining unchanged over the past 30 days [6] Group 4 - Synchronoss is trading at a Forward P/E ratio of 6.77, which is significantly lower than the industry average Forward P/E of 28.6, indicating a valuation discount [7] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 67, placing it in the top 28% of over 250 industries [7][8]