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Verizon Communications (VZ) Gains As Market Dips: What You Should Know
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Verizon Communications (VZ - Free Report) closed the most recent trading day at $58.26, moving +0.84% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.17%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.32%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had lost 1.87% over the past month. This has lagged the Computer and Technology sector's gain of 2.43% and the S&P 500's gain of 3.07% in that time.
VZ will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.20, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $32.41 billion, up 0.64% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $131.85 billion. These results would represent year-over-year changes of +0.85% and +0.75%, respectively.
Investors should also note any recent changes to analyst estimates for VZ. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. VZ currently has a Zacks Rank of #2 (Buy).
Digging into valuation, VZ currently has a Forward P/E ratio of 12.17. This represents a discount compared to its industry's average Forward P/E of 15.46.
Investors should also note that VZ has a PEG ratio of 2.86 right now. 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. Wireless National stocks are, on average, holding a PEG ratio of 2.02 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% 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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Verizon Communications (VZ) Gains As Market Dips: What You Should Know
Verizon Communications (VZ - Free Report) closed the most recent trading day at $58.26, moving +0.84% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.17%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.32%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had lost 1.87% over the past month. This has lagged the Computer and Technology sector's gain of 2.43% and the S&P 500's gain of 3.07% in that time.
VZ will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.20, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $32.41 billion, up 0.64% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $131.85 billion. These results would represent year-over-year changes of +0.85% and +0.75%, respectively.
Investors should also note any recent changes to analyst estimates for VZ. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. VZ currently has a Zacks Rank of #2 (Buy).
Digging into valuation, VZ currently has a Forward P/E ratio of 12.17. This represents a discount compared to its industry's average Forward P/E of 15.46.
Investors should also note that VZ has a PEG ratio of 2.86 right now. 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. Wireless National stocks are, on average, holding a PEG ratio of 2.02 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% 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.