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In the latest trading session, Turtle Beach (HEAR) closed at $15.88, marking a +0.51% move from the previous day. This move outpaced the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.

Prior to today's trading, shares of the audio technology company had gained 4.02% over the past month. This has lagged the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% in that time.

Wall Street will be looking for positivity from HEAR as it approaches its nex t earnings report date. In tha t report , analysts expect HEAR to post earnings of $1.31 per share. This would mark year-over-year growth of 12.93%. Meanwhile, our latest consensus estimate is calling for revenue of $110.33 million, up 38.44% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for HEAR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.94% lower within the past month. HEAR is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note HEAR's current valuation metrics, including its Forward P/E ratio of 8.99. This represents a discount compared to its industry's average Forward P/E of 21.73.

Investors should also note that HEAR has a PEG ratio of 1 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Communication - Components was holding an average PEG ratio of 1.75 at yesterday's closing price.

The Communication - Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.

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