In the latest trading session, Frontier Communications closed at $2.37, marking a +1.72% move from the previous day. This move outpaced the S&P 500's daily loss of 0.27%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the broadband, voice and wireless internet access provider had lost 11.74% over the past month, lagging the Utilities sector's gain of 4.04% and the S&P 500's gain of 6.26% in that time.
Investors will be hoping for strength from FTR as it approaches its next earnings release, which is expected to be February 26, 2019. On that day, FTR is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 93.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.09 billion, down 5.57% from the year-ago period.
Any recent changes to analyst estimates for FTR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. The Zacks Consensus EPS estimate remained stagnant within the past month. FTR is holding a Zacks Rank of #3 (Hold) right now.
The Wireline - Regional - Rural industry is part of the Utilities sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% 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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Frontier Communications (FTR) Gains As Market Dips: What You Should Know
In the latest trading session, Frontier Communications closed at $2.37, marking a +1.72% move from the previous day. This move outpaced the S&P 500's daily loss of 0.27%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the broadband, voice and wireless internet access provider had lost 11.74% over the past month, lagging the Utilities sector's gain of 4.04% and the S&P 500's gain of 6.26% in that time.
Investors will be hoping for strength from FTR as it approaches its next earnings release, which is expected to be February 26, 2019. On that day, FTR is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 93.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.09 billion, down 5.57% from the year-ago period.
Any recent changes to analyst estimates for FTR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. The Zacks Consensus EPS estimate remained stagnant within the past month. FTR is holding a Zacks Rank of #3 (Hold) right now.
The Wireline - Regional - Rural industry is part of the Utilities sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% 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.