Gold.com Falls 2.5% as Shares Trail Major U.S. Indexes
The stock fell more than the S&P 500, Dow and Nasdaq as investors look ahead to Gold.com’s upcoming earnings report.
Gold.com ended the session at $42.85, down 2.5% from the previous close. The S&P 500 fell 0.77%, the Dow dropped 0.67% and the Nasdaq lost 0.92%.
Over the past month, Gold.com shares declined 3.51%. That slightly exceeded the Finance sector’s 3.48% drop, while the S&P 500 gained 0.96%.
Investors are awaiting the company’s upcoming earnings report. Zacks consensus estimates call for earnings of $0.88 per share, up 340% from the same quarter a year earlier, and revenue of $5.37 billion, up 45.93%.
For the full year, Zacks projects earnings of $3.73 per share and revenue of $22.37 billion. Those estimates represent declines of 27.29% and 12.31%, respectively, from the previous year.
Gold.com trades at a forward price-to-earnings ratio of 11.78, compared with an industry average of 11.25, according to the article.
This article was produced with the help of AI technology.
Source: Yahoo Finance
