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Verizon Communications (VZ) Outpaces Stock Market Gains: What You Should Know
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Verizon Communications (VZ - Free Report) closed at $57.76 in the latest trading session, marking a +1.35% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Heading into today, shares of the largest U.S. cellphone carrier had gained 7.43% over the past month, lagging the Computer and Technology sector's gain of 7.59% and the S&P 500's gain of 9.27% 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 January 29, 2019. In that report, analysts expect VZ to post earnings of $1.09 per share. This would mark year-over-year growth of 26.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.36 billion, up 1.19% from the year-ago period.
Any recent changes to analyst estimates for VZ should also be noted by investors. 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.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. VZ is currently a Zacks Rank #2 (Buy).
Digging into valuation, VZ currently has a Forward P/E ratio of 12. Its industry sports an average Forward P/E of 24.55, so we one might conclude that VZ is trading at a discount comparatively.
Meanwhile, VZ's PEG ratio is currently 2.96. 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 2.07 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 64, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Outpaces Stock Market Gains: What You Should Know
Verizon Communications (VZ - Free Report) closed at $57.76 in the latest trading session, marking a +1.35% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Heading into today, shares of the largest U.S. cellphone carrier had gained 7.43% over the past month, lagging the Computer and Technology sector's gain of 7.59% and the S&P 500's gain of 9.27% 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 January 29, 2019. In that report, analysts expect VZ to post earnings of $1.09 per share. This would mark year-over-year growth of 26.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.36 billion, up 1.19% from the year-ago period.
Any recent changes to analyst estimates for VZ should also be noted by investors. 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.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. VZ is currently a Zacks Rank #2 (Buy).
Digging into valuation, VZ currently has a Forward P/E ratio of 12. Its industry sports an average Forward P/E of 24.55, so we one might conclude that VZ is trading at a discount comparatively.
Meanwhile, VZ's PEG ratio is currently 2.96. 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 2.07 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 64, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.