Synchronoss (SNCR) Stock Sinks As Market Gains: Here's Why

Company Performance - Synchronoss (SNCR) closed at $6.42, reflecting a -1.98% change from the previous day, underperforming the S&P 500's daily gain of 0.49% [1] - Over the past month, Synchronoss shares gained 5.99%, trailing the Computer and Technology sector's gain of 6.81% and outperforming the S&P 500's gain of 2.99% [1] Earnings Projections - The upcoming earnings release is projected to show earnings per share (EPS) of $0.31, indicating a 219.23% increase from the same quarter last year [2] - Quarterly revenue is estimated at $42.96 million, unchanged from the year-ago period [2] Full Year Estimates - For the full year, earnings are projected at $1.02 per share and revenue at $172.32 million, representing changes of -37.42% and -0.73% from the prior year, respectively [3] - Recent changes to analyst estimates suggest a positive outlook for the business [3] Valuation Metrics - Synchronoss is currently trading at a Forward P/E ratio of 6.42, significantly lower than the industry average Forward P/E of 32.6, indicating a discount compared to its peers [6] Industry Ranking - The Internet - Software industry, which includes Synchronoss, has a Zacks Industry Rank of 64, placing it within the top 26% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for companies in higher-ranked industries [7]