CenturyLink closed the most recent trading day at $17, moving +0.71% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Prior to today's trading, shares of the communications company had lost 10.97% over the past month. This has lagged the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
Wall Street will be looking for positivity from CTL as it approaches its next earnings report date. This is expected to be February 13, 2019. On that day, CTL is projected to report earnings of $0.36 per share, which would represent year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $5.80 billion, up 8.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.13 per share and revenue of $23.46 billion. These totals would mark changes of -23.13% and +32.85%, respectively, from last year.
Any recent changes to analyst estimates for CTL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.25% lower. CTL is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, CTL currently has a Forward P/E ratio of 14.94. This represents a discount compared to its industry's average Forward P/E of 33.51.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% 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 CTL in the coming trading sessions, be sure to utilize Zacks.com.
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CenturyLink (CTL) Gains As Market Dips: What You Should Know
CenturyLink closed the most recent trading day at $17, moving +0.71% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Prior to today's trading, shares of the communications company had lost 10.97% over the past month. This has lagged the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
Wall Street will be looking for positivity from CTL as it approaches its next earnings report date. This is expected to be February 13, 2019. On that day, CTL is projected to report earnings of $0.36 per share, which would represent year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $5.80 billion, up 8.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.13 per share and revenue of $23.46 billion. These totals would mark changes of -23.13% and +32.85%, respectively, from last year.
Any recent changes to analyst estimates for CTL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.25% lower. CTL is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, CTL currently has a Forward P/E ratio of 14.94. This represents a discount compared to its industry's average Forward P/E of 33.51.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% 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 CTL in the coming trading sessions, be sure to utilize Zacks.com.