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AT&T (T) Stock Sinks As Market Gains: What You Should Know
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AT&T (T - Free Report) closed the most recent trading day at $28.78, moving -0.38% from the previous trading session. This change lagged the S&P 500's daily gain of 0.23%.
Coming into today, shares of the telecommunications company had lost 1.83% in the past month. In that same time, the Computer and Technology sector gained 5.66%, while the S&P 500 gained 2.34%.
Investors will be hoping for strength from T as it approaches its next earnings release, which is expected to be July 22, 2021. The company is expected to report EPS of $0.78, down 6.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $42.63 billion, up 4.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.17 per share and revenue of $173.16 billion. These totals would mark changes of -0.31% and +0.82%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for T. These revisions help to show the ever-changing nature of 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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. T currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that T has a Forward P/E ratio of 9.11 right now. For comparison, its industry has an average Forward P/E of 48.36, which means T is trading at a discount to the group.
We can also see that T currently has a PEG ratio of 2.96. 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 was holding an average PEG ratio of 2.32 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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AT&T (T) Stock Sinks As Market Gains: What You Should Know
AT&T (T - Free Report) closed the most recent trading day at $28.78, moving -0.38% from the previous trading session. This change lagged the S&P 500's daily gain of 0.23%.
Coming into today, shares of the telecommunications company had lost 1.83% in the past month. In that same time, the Computer and Technology sector gained 5.66%, while the S&P 500 gained 2.34%.
Investors will be hoping for strength from T as it approaches its next earnings release, which is expected to be July 22, 2021. The company is expected to report EPS of $0.78, down 6.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $42.63 billion, up 4.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.17 per share and revenue of $173.16 billion. These totals would mark changes of -0.31% and +0.82%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for T. These revisions help to show the ever-changing nature of 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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. T currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that T has a Forward P/E ratio of 9.11 right now. For comparison, its industry has an average Forward P/E of 48.36, which means T is trading at a discount to the group.
We can also see that T currently has a PEG ratio of 2.96. 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 was holding an average PEG ratio of 2.32 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.