Vimeo, Inc. (VMEO) has received a Zacks Rank #1 (Strong Buy) due to significant upward revisions in its earnings estimates. The current quarter’s earnings are projected at $0.02 per share, a 60.0% decline from the previous year, while the full-year estimate is $0.06 per share, representing a 62.5% year-over-year decrease. However, in the last 30 days, there have been two upward revisions for both the current quarter and the full year, resulting in the Zacks Consensus Estimates increasing by 75% and 375%, respectively.
The stock has appreciated by 7.7% over the last four weeks as investor sentiment improves, reflecting a strong correlation between earnings estimate trends and stock price movements. The Zacks Rank system rates stocks from #1 (Strong Buy) to #5 (Strong Sell), with #1 ranked stocks historically generating an average annual return of +25% since 2008.
