In the latest trading session, Verizon Communications (VZ - Free Report) closed at $57.03, marking a +1.44% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.82%. Elsewhere, the Dow gained 0.82%, while the tech-heavy Nasdaq added 0.64%.
Coming into today, shares of the largest U.S. cellphone carrier had lost 0.72% in the past month. In that same time, the Computer and Technology sector lost 8.68%, while the S&P 500 lost 4.58%.
Wall Street will be looking for positivity from VZ as it approaches its next earnings report date. The company is expected to report EPS of $1.20, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $32.43 billion, up 0.7% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $131.95 billion. These results would represent year-over-year changes of +0.85% and +0.83%, respectively.
Investors might also notice recent changes to analyst estimates for VZ. 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. 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 remained stagnant. 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 11.85. This represents a discount compared to its industry's average Forward P/E of 18.75.
Meanwhile, VZ's PEG ratio is currently 2.79. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. VZ's industry had an average PEG ratio of 1.71 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 45, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.