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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 $55.64, moving +0.02% from the previous trading session. This move lagged the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 1.05%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 1.89% in the past month. In that same time, the Computer and Technology sector lost 6.78%, while the S&P 500 gained 0.36%.
Wall Street will be looking for positivity from VZ as it approaches its next earnings report date. This is expected to be April 21, 2021. In that report, analysts expect VZ to post earnings of $1.29 per share. This would mark year-over-year growth of 2.38%. Our most recent consensus estimate is calling for quarterly revenue of $32.51 billion, up 2.86% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.07 per share and revenue of $133.2 billion. These totals would mark changes of +3.47% and +3.83%, respectively, from last year.
Investors should also note any 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.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. VZ is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, VZ is currently trading at a Forward P/E ratio of 10.98. This represents a discount compared to its industry's average Forward P/E of 29.19.
Also, we should mention that VZ has a PEG ratio of 2.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Wireless National industry currently had an average PEG ratio of 3.05 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 39% 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.
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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 $55.64, moving +0.02% from the previous trading session. This move lagged the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 1.05%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 1.89% in the past month. In that same time, the Computer and Technology sector lost 6.78%, while the S&P 500 gained 0.36%.
Wall Street will be looking for positivity from VZ as it approaches its next earnings report date. This is expected to be April 21, 2021. In that report, analysts expect VZ to post earnings of $1.29 per share. This would mark year-over-year growth of 2.38%. Our most recent consensus estimate is calling for quarterly revenue of $32.51 billion, up 2.86% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.07 per share and revenue of $133.2 billion. These totals would mark changes of +3.47% and +3.83%, respectively, from last year.
Investors should also note any 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.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. VZ is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, VZ is currently trading at a Forward P/E ratio of 10.98. This represents a discount compared to its industry's average Forward P/E of 29.19.
Also, we should mention that VZ has a PEG ratio of 2.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Wireless National industry currently had an average PEG ratio of 3.05 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 39% 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.