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Ericsson (ERIC) Dips More Than Broader Markets: What You Should Know
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Ericsson (ERIC - Free Report) closed the most recent trading day at $9.73, moving -1.22% from the previous trading session. This change lagged the S&P 500's 0.69% loss on the day. Meanwhile, the Dow lost 0.87%, and the Nasdaq, a tech-heavy index, lost 0.79%.
Prior to today's trading, shares of the telecommunications equipment provider had lost 0.51% over the past month. This has was narrower than the Computer and Technology sector's loss of 7.49% and the S&P 500's loss of 4.53% in that time.
ERIC will be looking to display strength as it nears its next earnings release. In that report, analysts expect ERIC to post earnings of $0.08 per share. This would mark year-over-year growth of 900%. Our most recent consensus estimate is calling for quarterly revenue of $5.75 billion, down 0.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.38 per share and revenue of $23.63 billion, which would represent changes of +1166.67% and -3.85%, respectively, from the prior year.
Any recent changes to analyst estimates for ERIC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 remained stagnant within the past month. ERIC currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ERIC is currently trading at a Forward P/E ratio of 25.75. Its industry sports an average Forward P/E of 22.88, so we one might conclude that ERIC is trading at a premium comparatively.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% 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.
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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Ericsson (ERIC) Dips More Than Broader Markets: What You Should Know
Ericsson (ERIC - Free Report) closed the most recent trading day at $9.73, moving -1.22% from the previous trading session. This change lagged the S&P 500's 0.69% loss on the day. Meanwhile, the Dow lost 0.87%, and the Nasdaq, a tech-heavy index, lost 0.79%.
Prior to today's trading, shares of the telecommunications equipment provider had lost 0.51% over the past month. This has was narrower than the Computer and Technology sector's loss of 7.49% and the S&P 500's loss of 4.53% in that time.
ERIC will be looking to display strength as it nears its next earnings release. In that report, analysts expect ERIC to post earnings of $0.08 per share. This would mark year-over-year growth of 900%. Our most recent consensus estimate is calling for quarterly revenue of $5.75 billion, down 0.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.38 per share and revenue of $23.63 billion, which would represent changes of +1166.67% and -3.85%, respectively, from the prior year.
Any recent changes to analyst estimates for ERIC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 remained stagnant within the past month. ERIC currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ERIC is currently trading at a Forward P/E ratio of 25.75. Its industry sports an average Forward P/E of 22.88, so we one might conclude that ERIC is trading at a premium comparatively.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.