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Verizon Communications (VZ) Stock Falls Amid Market Uptick: What Investors Need to Know
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Verizon Communications (VZ - Free Report) ended the recent trading session at $48.33, demonstrating a -2.87% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
The largest U.S. cellphone carrier's shares have seen an increase of 0.81% over the last month, surpassing the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
Investors will be eagerly watching for the performance of Verizon Communications in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.29, reflecting a 6.61% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $34.67 billion, up 2.52% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.03 per share and a revenue of $141.1 billion, indicating changes of +6.79% and +2.1%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Verizon Communications. 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Verizon Communications holds a Zacks Rank of #3 (Hold).
Looking at valuation, Verizon Communications is presently trading at a Forward P/E ratio of 10.23. This indicates a discount in contrast to its industry's Forward P/E of 11.39.
Meanwhile, VZ's PEG ratio is currently 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Wireless National industry stood at 1.54 at the close of the market yesterday.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 225, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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 Falls Amid Market Uptick: What Investors Need to Know
Verizon Communications (VZ - Free Report) ended the recent trading session at $48.33, demonstrating a -2.87% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
The largest U.S. cellphone carrier's shares have seen an increase of 0.81% over the last month, surpassing the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
Investors will be eagerly watching for the performance of Verizon Communications in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.29, reflecting a 6.61% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $34.67 billion, up 2.52% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.03 per share and a revenue of $141.1 billion, indicating changes of +6.79% and +2.1%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Verizon Communications. 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Verizon Communications holds a Zacks Rank of #3 (Hold).
Looking at valuation, Verizon Communications is presently trading at a Forward P/E ratio of 10.23. This indicates a discount in contrast to its industry's Forward P/E of 11.39.
Meanwhile, VZ's PEG ratio is currently 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Wireless National industry stood at 1.54 at the close of the market yesterday.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 225, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.