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Verizon Communications (VZ) Stock Moves -1.98%: What You Should Know
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In the latest trading session, Verizon Communications (VZ - Free Report) closed at $55.95, marking a -1.98% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.08%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 2.27%.
Heading into today, shares of the largest U.S. cellphone carrier had lost 3.39% over the past month, lagging the Computer and Technology sector's loss of 1.55% and outpacing the S&P 500's loss of 3.6% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. On that day, VZ is projected to report earnings of $1.10 per share, which would represent year-over-year growth of 27.91%. Our most recent consensus estimate is calling for quarterly revenue of $34.31 billion, up 1.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.68 per share and revenue of $130.92 billion. These totals would mark changes of +25.13% and +3.87%, respectively, from last year.
Any recent changes to analyst estimates for VZ should also be noted by investors. These revisions help to show the ever-changing nature of near-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. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. VZ is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 12.19. For comparison, its industry has an average Forward P/E of 33.22, which means VZ is trading at a discount to the group.
We can also see that VZ currently has a PEG ratio of 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless National was holding an average PEG ratio of 4.78 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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Verizon Communications (VZ) Stock Moves -1.98%: What You Should Know
In the latest trading session, Verizon Communications (VZ - Free Report) closed at $55.95, marking a -1.98% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.08%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 2.27%.
Heading into today, shares of the largest U.S. cellphone carrier had lost 3.39% over the past month, lagging the Computer and Technology sector's loss of 1.55% and outpacing the S&P 500's loss of 3.6% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. On that day, VZ is projected to report earnings of $1.10 per share, which would represent year-over-year growth of 27.91%. Our most recent consensus estimate is calling for quarterly revenue of $34.31 billion, up 1.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.68 per share and revenue of $130.92 billion. These totals would mark changes of +25.13% and +3.87%, respectively, from last year.
Any recent changes to analyst estimates for VZ should also be noted by investors. These revisions help to show the ever-changing nature of near-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. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. VZ is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 12.19. For comparison, its industry has an average Forward P/E of 33.22, which means VZ is trading at a discount to the group.
We can also see that VZ currently has a PEG ratio of 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless National was holding an average PEG ratio of 4.78 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.