Immersion (IMMR) stock up 1%, projected positive earnings and revenue, outperforming market

From Nasdaq: 2024-12-10 18:15:04

Immersion (IMMR) closed at $9.09, up 1% from the previous day, outperforming the S&P 500. Analysts project an EPS of $0.15 and revenue of $10.13 million for the upcoming earnings report, with full-year estimates at $1.96 EPS and $116.8 million revenue. Investors can track Immersion’s stock using the Zacks Rank system.

Immersion currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 4.59, trading at a discount compared to the industry average. The Computer – Peripheral Equipment industry, where Immersion belongs, has a Zacks Industry Rank of 60, placing it in the top 24% of all industries. Top Zacks-ranked industries tend to outperform lower-ranked ones.

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Read more at Nasdaq: Immersion (IMMR) Advances While Market Declines: Some Information for Investors