Back to top

Image: Bigstock

Crown Castle (CCI) Stock Moves -1.08%: What You Should Know

Read MoreHide Full Article

Crown Castle (CCI - Free Report) closed the most recent trading day at $187.38, moving -1.08% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.

Coming into today, shares of the operator of wireless communications towers had lost 3.85% in the past month. In that same time, the Finance sector gained 5.07%, while the S&P 500 gained 0.39%.

Wall Street will be looking for positivity from Crown Castle as it approaches its next earnings report date. In that report, analysts expect Crown Castle to post earnings of $1.71 per share. This would mark a year-over-year decline of 26.61%. Meanwhile, our latest consensus estimate is calling for revenue of $1.63 billion, up 8.95% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for Crown Castle. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. Crown Castle is holding a Zacks Rank of #2 (Buy) right now.

Valuation is also important, so investors should note that Crown Castle has a Forward P/E ratio of 25.72 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.58.

Also, we should mention that CCI has a PEG ratio of 2.57. 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. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.79 at yesterday's closing price.

The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 97, putting it in the top 39% 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 CCI in the coming trading sessions, be sure to utilize Zacks.com.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Crown Castle Inc. (CCI) - free report >>

Published in