T-Mobile (TMUS - Free Report) closed at $74.90 in the latest trading session, marking a +0.6% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.16%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq lost 0.52%.
Prior to today's trading, shares of the wireless carrier had lost 1.23% over the past month. This has lagged the Computer and Technology sector's gain of 1.74% and the S&P 500's gain of 3.12% in that time.
Investors will be hoping for strength from TMUS as it approaches its next earnings release. The company is expected to report EPS of $0.98, up 6.52% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.13 billion, up 5.33% from the year-ago period.
TMUS's full-year Zacks Consensus Estimates are calling for earnings of $4.04 per share and revenue of $45.43 billion. These results would represent year-over-year changes of +20.24% and +4.9%, respectively.
It is also important to note the recent changes to analyst estimates for TMUS. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection remained stagnant. TMUS currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that TMUS has a Forward P/E ratio of 18.44 right now. For comparison, its industry has an average Forward P/E of 18.44, which means TMUS is trading at a no noticeable deviation to the group.
Also, we should mention that TMUS has a PEG ratio of 1.42. 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. The Wireless National was holding an average PEG ratio of 1.73 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.