Frontier Communications (FTR - Free Report) closed the most recent trading day at $2.55, moving -1.16% from the previous trading session. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.91%.
Coming into today, shares of the broadband, voice and wireless internet access provider had gained 22.86% in the past month. In that same time, the Utilities sector gained 5.51%, while the S&P 500 gained 4.16%.
Investors will be hoping for strength from FTR as it approaches its next earnings release, which is expected to be February 26, 2019. In that report, analysts expect FTR to post earnings of -$0.05 per share. This would mark year-over-year growth of 91.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.09 billion, down 5.57% from the year-ago period.
Investors might also notice recent changes to analyst estimates for FTR. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.99% higher. FTR currently has a Zacks Rank of #3 (Hold).
The Wireline - Regional - Rural industry is part of the Utilities sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 16% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.