PubMatic, Inc. PUBM shares closed the last trading session 5.2% higher at $17.19, riding on an expanding clientele and a robust partner base. An impressive surge with a higher-than-average number of shares changing hands in the session fueled optimism, surpassing the stock’s 11.5% gain over the past four weeks. The recent partnership with DISH Media to accelerate programmatic demand for Sling TV has contributed to the company’s upward momentum.
Potential Earnings Projections
Analysts expect PubMatic to post quarterly earnings of $0.19 per share in its upcoming report, indicating a year-over-year change of -42.4%. Revenues are anticipated to be $78.15 million, marking a 5.2% increase from the year-ago quarter. While these figures offer insight into the potential stock strength, it is crucial to note that trends in earnings estimate revisions are highly correlated with near-term stock price movements.
The consensus EPS estimate for the quarter has been revised 10.2% lower over the last 30 days. A downtrend in earnings estimate revisions may impact price appreciation, signifying the importance of monitoring PUBM’s performance to gauge future strength.
Comparison with Industry Peers
PubMatic, Inc. belongs to the Zacks Internet – Software industry. Another stock in the same industry, Ziff Davis ZD, witnessed a 1.3% decline, closing the last trading session at $66.79. ZD has returned 1.9% over the past month. The consensus EPS estimate for the upcoming Ziff Davis report has remained stable over the last month at $2.32, depicting a +2.7% change from the previous year’s figure. Ziff Davis currently holds a Zacks Rank of #3 (Hold).
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