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Verizon Communications (VZ) Advances While Market Declines: Some Information for Investors
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Verizon Communications (VZ - Free Report) closed the most recent trading day at $47.32, moving +1.72% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.01%.
Shares of the largest U.S. cellphone carrier have depreciated by 7.31% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.26%, and the S&P 500's gain of 0.53%.
The upcoming earnings release of Verizon Communications will be of great interest to investors. The company is expected to report EPS of $1.28, up 5.79% from the prior-year quarter. 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.
Any recent changes to analyst estimates for Verizon Communications should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Right now, Verizon Communications possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Verizon Communications is presently trading at a Forward P/E ratio of 9.25. Its industry sports an average Forward P/E of 10.84, so one might conclude that Verizon Communications is trading at a discount comparatively.
Meanwhile, VZ's PEG ratio is currently 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Wireless National industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 209, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Verizon Communications (VZ) Advances While Market Declines: Some Information for Investors
Verizon Communications (VZ - Free Report) closed the most recent trading day at $47.32, moving +1.72% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.01%.
Shares of the largest U.S. cellphone carrier have depreciated by 7.31% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.26%, and the S&P 500's gain of 0.53%.
The upcoming earnings release of Verizon Communications will be of great interest to investors. The company is expected to report EPS of $1.28, up 5.79% from the prior-year quarter. 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.
Any recent changes to analyst estimates for Verizon Communications should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Right now, Verizon Communications possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Verizon Communications is presently trading at a Forward P/E ratio of 9.25. Its industry sports an average Forward P/E of 10.84, so one might conclude that Verizon Communications is trading at a discount comparatively.
Meanwhile, VZ's PEG ratio is currently 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Wireless National industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 209, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.