We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Verizon Communications (VZ) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Verizon Communications (VZ - Free Report) closed at $53.96, marking a +0.74% move from the previous day. This change lagged the S&P 500's 0.78% gain on the day. Meanwhile, the Dow gained 0.95%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the largest U.S. cellphone carrier had lost 1.18% over the past month, lagging the Computer and Technology sector's gain of 1.26% and the S&P 500's gain of 2.17% in that time.
Wall Street will be looking for positivity from VZ as it approaches its next earnings report date. This is expected to be October 18, 2018. On that day, VZ is projected to report earnings of $1.18 per share, which would represent year-over-year growth of 20.41%. Meanwhile, our latest consensus estimate is calling for revenue of $32.43 billion, up 2.25% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.66 per share and revenue of $130.50 billion. These totals would mark changes of +24.6% and +3.54%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for VZ. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. VZ is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 11.48. This represents a discount compared to its industry's average Forward P/E of 39.18.
It is also worth noting that VZ currently has a PEG ratio of 1.94. 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. VZ's industry had an average PEG ratio of 2.3 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 25% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Verizon Communications (VZ) Gains But Lags Market: What You Should Know
In the latest trading session, Verizon Communications (VZ - Free Report) closed at $53.96, marking a +0.74% move from the previous day. This change lagged the S&P 500's 0.78% gain on the day. Meanwhile, the Dow gained 0.95%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the largest U.S. cellphone carrier had lost 1.18% over the past month, lagging the Computer and Technology sector's gain of 1.26% and the S&P 500's gain of 2.17% in that time.
Wall Street will be looking for positivity from VZ as it approaches its next earnings report date. This is expected to be October 18, 2018. On that day, VZ is projected to report earnings of $1.18 per share, which would represent year-over-year growth of 20.41%. Meanwhile, our latest consensus estimate is calling for revenue of $32.43 billion, up 2.25% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.66 per share and revenue of $130.50 billion. These totals would mark changes of +24.6% and +3.54%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for VZ. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. VZ is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 11.48. This represents a discount compared to its industry's average Forward P/E of 39.18.
It is also worth noting that VZ currently has a PEG ratio of 1.94. 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. VZ's industry had an average PEG ratio of 2.3 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 25% 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.