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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
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Verizon Communications (VZ - Free Report) closed the most recent trading day at $57.08, moving -1.76% from the previous trading session. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.16%.
Heading into today, shares of the largest U.S. cellphone carrier had gained 4.4% over the past month, outpacing the Computer and Technology sector's loss of 0.37% and the S&P 500's gain of 0.49% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be January 29, 2019. On that day, VZ is projected to report earnings of $1.09 per share, which would represent year-over-year growth of 26.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.31 billion, up 1.06% from the year-ago period.
Any recent changes to analyst estimates for VZ should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. VZ is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that VZ has a Forward P/E ratio of 12.25 right now. This valuation marks a discount compared to its industry's average Forward P/E of 23.28.
We can also see that VZ currently has a PEG ratio of 3.03. 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. VZ's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
Verizon Communications (VZ - Free Report) closed the most recent trading day at $57.08, moving -1.76% from the previous trading session. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.16%.
Heading into today, shares of the largest U.S. cellphone carrier had gained 4.4% over the past month, outpacing the Computer and Technology sector's loss of 0.37% and the S&P 500's gain of 0.49% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be January 29, 2019. On that day, VZ is projected to report earnings of $1.09 per share, which would represent year-over-year growth of 26.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.31 billion, up 1.06% from the year-ago period.
Any recent changes to analyst estimates for VZ should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. VZ is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that VZ has a Forward P/E ratio of 12.25 right now. This valuation marks a discount compared to its industry's average Forward P/E of 23.28.
We can also see that VZ currently has a PEG ratio of 3.03. 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. VZ's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.