In the latest trading session, AT&T (T - Free Report) closed at $32.12, marking a +0.58% move from the previous day. This change outpaced the S&P 500's 0.04% loss on the day. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.01%.
Heading into today, shares of the telecommunications company had gained 4.79% over the past month, outpacing the Computer and Technology sector's loss of 1.99% and the S&P 500's gain of 0.34% in that time.
T will be looking to display strength as it nears its next earnings release. On that day, T is projected to report earnings of $0.90 per share, which would represent a year-over-year decline of 1.1%. Our most recent consensus estimate is calling for quarterly revenue of $45.02 billion, up 15.48% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.58 per share and revenue of $183.33 billion. These totals would mark changes of +1.7% and +7.36%, respectively, from last year.
Any recent changes to analyst estimates for T should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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 0.09% lower. T is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, T is currently trading at a Forward P/E ratio of 8.91. This represents a discount compared to its industry's average Forward P/E of 18.99.
It is also worth noting that T currently has a PEG ratio of 1.99. 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 1.73 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 60, which puts it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.