Bull Of The Day: Onespan (OSPN)

Core Viewpoint - OneSpan Inc. is a security software company specializing in e-signatures and fraud protection, currently rated as a Zacks Rank 1 (Strong Buy) with a D for Value and an A for Growth [1] Company Description - OneSpan Inc. designs and develops security software and e-signature solutions to protect devices and financial transactions from fraud and misuse, offering risk analytics, mobile security, and authentication services [2] Earnings History - Over the past year, OneSpan has achieved three consecutive earnings beats and one miss against the Zacks Consensus Estimate, with an average positive earnings surprise of 501% [3] - Two quarters ago, the company reported an EPS of $0.19 against an expected $0.01, resulting in an 1,800% positive earnings surprise [3] Earnings Estimates Revisions - The consensus estimate for the current quarter remains at $0.19, while the full fiscal year 2024 estimate has increased from $0.99 to $1.07 over the last 60 days [4] Valuation - OneSpan's forward PE multiple stands at 11.8x, significantly below the market average and many peers, with a price to book multiple of 2.8x and a price to sales multiple of 1.97x [5] - The company has improved its operating margins from negative 7.5% to positive 4.4% over the last three quarters, indicating potential for increased EPS alongside revenue growth [5]