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Verizon Communications (VZ) Gains As Market Dips: What You Should Know
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In the latest trading session, Verizon Communications (VZ - Free Report) closed at $60.62, marking a +0.68% move from the previous day. This move outpaced the S&P 500's daily loss of 1.66%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 10.17% in the past month. In that same time, the Computer and Technology sector lost 5.28%, while the S&P 500 lost 2.43%.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. The company is expected to report EPS of $1.10, up 27.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.34 billion, up 1.14% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.68 per share and revenue of $130.96 billion. These results would represent year-over-year changes of +25.13% and +3.91%, respectively.
Any recent changes to analyst estimates for VZ should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 has moved 0.58% higher. VZ is currently a Zacks Rank #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 12.85. Its industry sports an average Forward P/E of 34.33, so we one might conclude that VZ is trading at a discount comparatively.
Also, we should mention that VZ has a PEG ratio of 2.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Wireless National industry currently had an average PEG ratio of 2.52 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 41, which puts it in the top 16% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.
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Verizon Communications (VZ) Gains As Market Dips: What You Should Know
In the latest trading session, Verizon Communications (VZ - Free Report) closed at $60.62, marking a +0.68% move from the previous day. This move outpaced the S&P 500's daily loss of 1.66%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 10.17% in the past month. In that same time, the Computer and Technology sector lost 5.28%, while the S&P 500 lost 2.43%.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. The company is expected to report EPS of $1.10, up 27.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.34 billion, up 1.14% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.68 per share and revenue of $130.96 billion. These results would represent year-over-year changes of +25.13% and +3.91%, respectively.
Any recent changes to analyst estimates for VZ should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 has moved 0.58% higher. VZ is currently a Zacks Rank #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 12.85. Its industry sports an average Forward P/E of 34.33, so we one might conclude that VZ is trading at a discount comparatively.
Also, we should mention that VZ has a PEG ratio of 2.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Wireless National industry currently had an average PEG ratio of 2.52 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 41, which puts it in the top 16% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.