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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
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Verizon Communications (VZ - Free Report) closed at $54.94 in the latest trading session, marking a -0.11% move from the prior day. This move lagged the S&P 500's daily gain of 0.03%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had lost 1.31% over the past month. This has lagged the Computer and Technology sector's gain of 4.78% and the S&P 500's gain of 3.02% in that time.
VZ will be looking to display strength as it nears its next earnings release. On that day, VZ is projected to report earnings of $1.35 per share, which would represent year-over-year growth of 8%. Meanwhile, our latest consensus estimate is calling for revenue of $33.59 billion, up 6.5% from the prior-year quarter.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $5.31 per share and revenue of $134.96 billion. These results would represent year-over-year changes of +8.37% and +5.2%, respectively.
It is also important to note the recent changes to analyst estimates for VZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. VZ is currently a Zacks Rank #3 (Hold).
In terms of valuation, VZ is currently trading at a Forward P/E ratio of 10.35. Its industry sports an average Forward P/E of 32.81, so we one might conclude that VZ is trading at a discount comparatively.
We can also see that VZ currently has a PEG ratio of 2.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless National was holding an average PEG ratio of 2.14 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 13% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.
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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
Verizon Communications (VZ - Free Report) closed at $54.94 in the latest trading session, marking a -0.11% move from the prior day. This move lagged the S&P 500's daily gain of 0.03%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had lost 1.31% over the past month. This has lagged the Computer and Technology sector's gain of 4.78% and the S&P 500's gain of 3.02% in that time.
VZ will be looking to display strength as it nears its next earnings release. On that day, VZ is projected to report earnings of $1.35 per share, which would represent year-over-year growth of 8%. Meanwhile, our latest consensus estimate is calling for revenue of $33.59 billion, up 6.5% from the prior-year quarter.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $5.31 per share and revenue of $134.96 billion. These results would represent year-over-year changes of +8.37% and +5.2%, respectively.
It is also important to note the recent changes to analyst estimates for VZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. VZ is currently a Zacks Rank #3 (Hold).
In terms of valuation, VZ is currently trading at a Forward P/E ratio of 10.35. Its industry sports an average Forward P/E of 32.81, so we one might conclude that VZ is trading at a discount comparatively.
We can also see that VZ currently has a PEG ratio of 2.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless National was holding an average PEG ratio of 2.14 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 13% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.