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Comtech Telecommunications (CMTL) Gains But Lags Market: What You Should Know
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Comtech Telecommunications (CMTL - Free Report) closed at $28.13 in the latest trading session, marking a +0.68% move from the prior day. This move lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.
Heading into today, shares of the communications company had lost 19.16% over the past month, lagging the Computer and Technology sector's loss of 11.34% and the S&P 500's loss of 7.81% in that time.
Wall Street will be looking for positivity from CMTL as it approaches its next earnings report date. This is expected to be December 5, 2018. The company is expected to report EPS of $0.25, up 457.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $127.40 million, up 4.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.96 per share and revenue of $606.93 million. These totals would mark changes of +28% and +6.37%, respectively, from last year.
Any recent changes to analyst estimates for CMTL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. CMTL currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note CMTL's current valuation metrics, including its Forward P/E ratio of 29. This valuation marks a premium compared to its industry's average Forward P/E of 19.25.
Meanwhile, CMTL's PEG ratio is currently 5.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CMTL's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Comtech Telecommunications (CMTL) Gains But Lags Market: What You Should Know
Comtech Telecommunications (CMTL - Free Report) closed at $28.13 in the latest trading session, marking a +0.68% move from the prior day. This move lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.
Heading into today, shares of the communications company had lost 19.16% over the past month, lagging the Computer and Technology sector's loss of 11.34% and the S&P 500's loss of 7.81% in that time.
Wall Street will be looking for positivity from CMTL as it approaches its next earnings report date. This is expected to be December 5, 2018. The company is expected to report EPS of $0.25, up 457.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $127.40 million, up 4.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.96 per share and revenue of $606.93 million. These totals would mark changes of +28% and +6.37%, respectively, from last year.
Any recent changes to analyst estimates for CMTL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. CMTL currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note CMTL's current valuation metrics, including its Forward P/E ratio of 29. This valuation marks a premium compared to its industry's average Forward P/E of 19.25.
Meanwhile, CMTL's PEG ratio is currently 5.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CMTL's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.