QuantaSing Group Limited Unsponsored ADR (QSG) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, QuantaSing Group Limited Unsponsored ADR (QSG) closed at $3.27, marking a +0.93% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.
The the stock of company has fallen by 4.71% in the past month, lagging the Consumer Discretionary sector's loss of 4.5% and the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of QuantaSing Group Limited Unsponsored ADR in its upcoming release. The company's upcoming EPS is projected at $0.16, signifying a 166.67% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $129.02 million, reflecting a 9.77% rise from the equivalent quarter last year.
QSG's full-year Zacks Consensus Estimates are calling for earnings of $0.76 per share and revenue of $518.06 million. These results would represent year-over-year changes of +406.67% and +11.81%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for QuantaSing Group Limited Unsponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, QuantaSing Group Limited Unsponsored ADR holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, QuantaSing Group Limited Unsponsored ADR is currently exchanging hands at a Forward P/E ratio of 4.29. This signifies a discount in comparison to the average Forward P/E of 18.45 for its industry.
The Schools industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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QuantaSing Group Limited Unsponsored ADR (QSG) : Free Stock Analysis Report
