With 2.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.76 million shares. The 52-week range on Z shows that it touched its highest point at $89.39 and its lowest point at $38.45 during that stretch. It currently has a 1-year price target of $87.71. Beta for the stock currently stands at 2.26.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of Z was up-trending over the past week, with a rise of 0.17%, but this was up by 0.33% over a month. Three-month performance surged to 7.26% while six-month performance rose 40.90%. The stock gained 42.96% in the past year, while it has gained 5.79% so far this year. A look at the trailing 12-month EPS for Z yields -0.48 with Next year EPS estimates of 2.29. For the next quarter, that number is 0.37. This implies an EPS growth rate of 25.69% for this year and 32.23% for next year. EPS is expected to grow by 31.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.21%.
Float and Shares Shorts:
At present, 181.94 million Z shares are outstanding with a float of 160.62 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for Z since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.55453 being high and $1.3169 being low. For Z, this leads to a yearly average estimate of $1.40601. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.48.
