CenturyLink closed the most recent trading day at $20.80, moving +1.66% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 2.01%.
Coming into today, shares of the communications company had lost 6.28% in the past month. In that same time, the Computer and Technology sector lost 11.34%, while the S&P 500 lost 7.81%.
Investors will be hoping for strength from CTL as it approaches its next earnings release, which is expected to be November 8, 2018. On that day, CTL is projected to report earnings of $0.27 per share, which would represent a year-over-year decline of 35.71%. Meanwhile, our latest consensus estimate is calling for revenue of $5.89 billion, up 46.01% from the prior-year quarter.
CTL's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $23.58 billion. These results would represent year-over-year changes of -25.85% and +33.56%, respectively.
Investors might also notice recent changes to analyst estimates for CTL. 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.
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 0.02% higher within the past month. CTL is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, CTL is holding a Forward P/E ratio of 18.73. This valuation marks a discount compared to its industry's average Forward P/E of 38.27.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% 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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CenturyLink (CTL) Outpaces Stock Market Gains: What You Should Know
CenturyLink closed the most recent trading day at $20.80, moving +1.66% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 2.01%.
Coming into today, shares of the communications company had lost 6.28% in the past month. In that same time, the Computer and Technology sector lost 11.34%, while the S&P 500 lost 7.81%.
Investors will be hoping for strength from CTL as it approaches its next earnings release, which is expected to be November 8, 2018. On that day, CTL is projected to report earnings of $0.27 per share, which would represent a year-over-year decline of 35.71%. Meanwhile, our latest consensus estimate is calling for revenue of $5.89 billion, up 46.01% from the prior-year quarter.
CTL's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $23.58 billion. These results would represent year-over-year changes of -25.85% and +33.56%, respectively.
Investors might also notice recent changes to analyst estimates for CTL. 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.
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 0.02% higher within the past month. CTL is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, CTL is holding a Forward P/E ratio of 18.73. This valuation marks a discount compared to its industry's average Forward P/E of 38.27.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% 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.