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AT&T (T) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, AT&T (T - Free Report) closed at $32.49, marking a -0.58% move from the previous day. This change lagged the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the telecommunications company had gained 8.03% over the past month, outpacing the Computer and Technology sector's gain of 0.61% and the S&P 500's gain of 2.34% in that time.
Investors will be hoping for strength from T as it approaches its next earnings release, which is expected to be October 23, 2018. On that day, T is projected to report earnings of $0.95 per share, which would represent year-over-year growth of 28.38%. Meanwhile, our latest consensus estimate is calling for revenue of $45.80 billion, up 15.46% from the prior-year quarter.
T's full-year Zacks Consensus Estimates are calling for earnings of $3.54 per share and revenue of $173.39 billion. These results would represent year-over-year changes of +16.07% and +8%, respectively.
It is also important to note the recent changes to analyst estimates for T. Recent revisions tend to reflect the latest 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 2.31% higher within the past month. T is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that T has a Forward P/E ratio of 9.23 right now. This represents a discount compared to its industry's average Forward P/E of 36.47.
We can also see that T currently has a PEG ratio of 2.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Wireless National stocks are, on average, holding a PEG ratio of 2.28 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 14% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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AT&T (T) Dips More Than Broader Markets: What You Should Know
In the latest trading session, AT&T (T - Free Report) closed at $32.49, marking a -0.58% move from the previous day. This change lagged the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the telecommunications company had gained 8.03% over the past month, outpacing the Computer and Technology sector's gain of 0.61% and the S&P 500's gain of 2.34% in that time.
Investors will be hoping for strength from T as it approaches its next earnings release, which is expected to be October 23, 2018. On that day, T is projected to report earnings of $0.95 per share, which would represent year-over-year growth of 28.38%. Meanwhile, our latest consensus estimate is calling for revenue of $45.80 billion, up 15.46% from the prior-year quarter.
T's full-year Zacks Consensus Estimates are calling for earnings of $3.54 per share and revenue of $173.39 billion. These results would represent year-over-year changes of +16.07% and +8%, respectively.
It is also important to note the recent changes to analyst estimates for T. Recent revisions tend to reflect the latest 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 2.31% higher within the past month. T is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that T has a Forward P/E ratio of 9.23 right now. This represents a discount compared to its industry's average Forward P/E of 36.47.
We can also see that T currently has a PEG ratio of 2.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Wireless National stocks are, on average, holding a PEG ratio of 2.28 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 14% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.