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Verizon Communications (VZ) Gains But Lags Market: What You Should Know
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Verizon Communications (VZ - Free Report) closed the most recent trading day at $59.13, moving +0.07% from the previous trading session. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.32%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had gained 4.96% over the past month. This has lagged the Computer and Technology sector's gain of 5.46% and outpaced the S&P 500's gain of 3.84% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be April 23, 2019. On that day, VZ is projected to report earnings of $1.17 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $32.27 billion, up 1.57% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.66 per share and revenue of $132.31 billion. These totals would mark changes of -1.06% and +1.11%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for VZ. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. VZ is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that VZ has a Forward P/E ratio of 12.68 right now. This valuation marks a discount compared to its industry's average Forward P/E of 36.96.
Meanwhile, VZ's PEG ratio is currently 3.08. 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 2.94 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 194, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Verizon Communications (VZ) Gains But Lags Market: What You Should Know
Verizon Communications (VZ - Free Report) closed the most recent trading day at $59.13, moving +0.07% from the previous trading session. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.32%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had gained 4.96% over the past month. This has lagged the Computer and Technology sector's gain of 5.46% and outpaced the S&P 500's gain of 3.84% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be April 23, 2019. On that day, VZ is projected to report earnings of $1.17 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $32.27 billion, up 1.57% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.66 per share and revenue of $132.31 billion. These totals would mark changes of -1.06% and +1.11%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for VZ. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. VZ is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that VZ has a Forward P/E ratio of 12.68 right now. This valuation marks a discount compared to its industry's average Forward P/E of 36.96.
Meanwhile, VZ's PEG ratio is currently 3.08. 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 2.94 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 194, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.