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Verizon Communications (VZ) Stock Moves 0.25%: What You Should Know
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Verizon Communications (VZ - Free Report) closed at $39.45 in the latest trading session, marking a +0.25% move from the prior day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 1.92%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 7.69% in the past month. In that same time, the Computer and Technology sector gained 10.29%, while the S&P 500 gained 6.51%.
Wall Street will be looking for positivity from Verizon Communications as it approaches its next earnings report date. This is expected to be April 25, 2023. The company is expected to report EPS of $1.19, down 11.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $33.78 billion, up 0.69% from the prior-year quarter.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.69 per share and revenue of $137.48 billion. These results would represent year-over-year changes of -9.46% and +0.47%, respectively.
Any recent changes to analyst estimates for Verizon Communications should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Verizon Communications currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Verizon Communications has a Forward P/E ratio of 8.39 right now. Its industry sports an average Forward P/E of 23.38, so we one might conclude that Verizon Communications is trading at a discount comparatively.
Also, we should mention that VZ has a PEG ratio of 2.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless National was holding an average PEG ratio of 1.93 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Verizon Communications (VZ) Stock Moves 0.25%: What You Should Know
Verizon Communications (VZ - Free Report) closed at $39.45 in the latest trading session, marking a +0.25% move from the prior day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 1.92%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 7.69% in the past month. In that same time, the Computer and Technology sector gained 10.29%, while the S&P 500 gained 6.51%.
Wall Street will be looking for positivity from Verizon Communications as it approaches its next earnings report date. This is expected to be April 25, 2023. The company is expected to report EPS of $1.19, down 11.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $33.78 billion, up 0.69% from the prior-year quarter.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.69 per share and revenue of $137.48 billion. These results would represent year-over-year changes of -9.46% and +0.47%, respectively.
Any recent changes to analyst estimates for Verizon Communications should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Verizon Communications currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Verizon Communications has a Forward P/E ratio of 8.39 right now. Its industry sports an average Forward P/E of 23.38, so we one might conclude that Verizon Communications is trading at a discount comparatively.
Also, we should mention that VZ has a PEG ratio of 2.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless National was holding an average PEG ratio of 1.93 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.