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Crown Castle (CCI) Stock Sinks As Market Gains: What You Should Know
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Crown Castle (CCI - Free Report) closed at $98.53 in the latest trading session, marking a -0.72% move from the prior day. This change lagged the S&P 500's 0.67% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 1.14%.
Prior to today's trading, shares of the operator of wireless communications towers had lost 4.95% over the past month. This has lagged the Finance sector's loss of 3.09% and the S&P 500's loss of 0.73% in that time.
Crown Castle will be looking to display strength as it nears its next earnings release. In that report, analysts expect Crown Castle to post earnings of $1.80 per share. This would mark a year-over-year decline of 2.7%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.72 billion, down 1.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.56 per share and revenue of $7.05 billion, which would represent changes of +2.44% and +0.87%, respectively, from the prior year.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 0.03% lower. Crown Castle is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Crown Castle has a Forward P/E ratio of 13.13 right now. This represents a premium compared to its industry's average Forward P/E of 10.56.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Crown Castle (CCI) Stock Sinks As Market Gains: What You Should Know
Crown Castle (CCI - Free Report) closed at $98.53 in the latest trading session, marking a -0.72% move from the prior day. This change lagged the S&P 500's 0.67% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 1.14%.
Prior to today's trading, shares of the operator of wireless communications towers had lost 4.95% over the past month. This has lagged the Finance sector's loss of 3.09% and the S&P 500's loss of 0.73% in that time.
Crown Castle will be looking to display strength as it nears its next earnings release. In that report, analysts expect Crown Castle to post earnings of $1.80 per share. This would mark a year-over-year decline of 2.7%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.72 billion, down 1.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.56 per share and revenue of $7.05 billion, which would represent changes of +2.44% and +0.87%, respectively, from the prior year.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 0.03% lower. Crown Castle is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Crown Castle has a Forward P/E ratio of 13.13 right now. This represents a premium compared to its industry's average Forward P/E of 10.56.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.