We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AT&T (T) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, AT&T (T - Free Report) closed at $28.49, marking a -0.18% move from the previous day. This change lagged the S&P 500's 0.13% gain on the day. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.15%.
Coming into today, shares of the telecommunications company had lost 1.14% in the past month. In that same time, the Computer and Technology sector gained 4.54%, while the S&P 500 gained 2.59%.
Wall Street will be looking for positivity from T as it approaches its next earnings report date. This is expected to be January 27, 2021. In that report, analysts expect T to post earnings of $0.73 per share. This would mark a year-over-year decline of 17.98%. Meanwhile, our latest consensus estimate is calling for revenue of $44.54 billion, down 4.86% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.17 per share and revenue of $170.60 billion, which would represent changes of -11.2% and -5.84%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for T. 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.
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 0.07% lower within the past month. T currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that T has a Forward P/E ratio of 9.01 right now. Its industry sports an average Forward P/E of 14.53, so we one might conclude that T is trading at a discount comparatively.
Investors should also note that T has a PEG ratio of 3.08 right now. 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. The Wireless National industry currently had an average PEG ratio of 2.88 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AT&T (T) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, AT&T (T - Free Report) closed at $28.49, marking a -0.18% move from the previous day. This change lagged the S&P 500's 0.13% gain on the day. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.15%.
Coming into today, shares of the telecommunications company had lost 1.14% in the past month. In that same time, the Computer and Technology sector gained 4.54%, while the S&P 500 gained 2.59%.
Wall Street will be looking for positivity from T as it approaches its next earnings report date. This is expected to be January 27, 2021. In that report, analysts expect T to post earnings of $0.73 per share. This would mark a year-over-year decline of 17.98%. Meanwhile, our latest consensus estimate is calling for revenue of $44.54 billion, down 4.86% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.17 per share and revenue of $170.60 billion, which would represent changes of -11.2% and -5.84%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for T. 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.
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 0.07% lower within the past month. T currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that T has a Forward P/E ratio of 9.01 right now. Its industry sports an average Forward P/E of 14.53, so we one might conclude that T is trading at a discount comparatively.
Investors should also note that T has a PEG ratio of 3.08 right now. 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. The Wireless National industry currently had an average PEG ratio of 2.88 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.