In the latest trading session, AT&T (T - Free Report) closed at $31.63, marking a -1% move from the previous day. This move lagged the S&P 500's daily of 0%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the telecommunications company had gained 6.57% over the past month, outpacing the Computer and Technology sector's gain of 3.92% and the S&P 500's gain of 2.36% in that time.
Wall Street will be looking for positivity from T as it approaches its next earnings report date. This is expected to be April 24, 2019. In that report, analysts expect T to post earnings of $0.86 per share. This would mark year-over-year growth of 1.18%. Our most recent consensus estimate is calling for quarterly revenue of $45.27 billion, up 19% from the year-ago period.
T's full-year Zacks Consensus Estimates are calling for earnings of $3.58 per share and revenue of $184.51 billion. These results would represent year-over-year changes of +1.7% and +8.05%, respectively.
Investors might also notice recent changes to analyst estimates for T. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% lower. T is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that T has a Forward P/E ratio of 8.93 right now. This represents a discount compared to its industry's average Forward P/E of 31.16.
Meanwhile, T's PEG ratio is currently 1.36. 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 industry currently had an average PEG ratio of 2.93 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 34% 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.