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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 $58.69 in the latest trading session, marking a +0.15% move from the prior day. This change outpaced the S&P 500's 0.07% gain on the day.
On that day, VZ is projected to report earnings of $1.28 per share, which would represent year-over-year growth of 8.47%. Our most recent consensus estimate is calling for quarterly revenue of $32.28 billion, up 6.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.08 per share and revenue of $133.43 billion. These totals would mark changes of +3.67% and +4%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for VZ. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. VZ is currently a Zacks Rank #3 (Hold).
In terms of valuation, VZ is currently trading at a Forward P/E ratio of 11.54. This represents a discount compared to its industry's average Forward P/E of 44.76.
Meanwhile, VZ's PEG ratio is currently 4. 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. Wireless National stocks are, on average, holding a PEG ratio of 3.94 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 59, putting it in the top 24% 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.
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Verizon Communications (VZ) Outpaces Stock Market Gains: What You Should Know
Verizon Communications (VZ - Free Report) closed at $58.69 in the latest trading session, marking a +0.15% move from the prior day. This change outpaced the S&P 500's 0.07% gain on the day.
On that day, VZ is projected to report earnings of $1.28 per share, which would represent year-over-year growth of 8.47%. Our most recent consensus estimate is calling for quarterly revenue of $32.28 billion, up 6.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.08 per share and revenue of $133.43 billion. These totals would mark changes of +3.67% and +4%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for VZ. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. VZ is currently a Zacks Rank #3 (Hold).
In terms of valuation, VZ is currently trading at a Forward P/E ratio of 11.54. This represents a discount compared to its industry's average Forward P/E of 44.76.
Meanwhile, VZ's PEG ratio is currently 4. 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. Wireless National stocks are, on average, holding a PEG ratio of 3.94 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 59, putting it in the top 24% 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.