We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Verizon Communications (VZ) Stock Moves -0.15%: What You Should Know
Read MoreHide Full Article
Verizon Communications (VZ - Free Report) closed the most recent trading day at $53.09, moving -0.15% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.14%. At the same time, the Dow lost 1.23%, and the tech-heavy Nasdaq lost 0.36%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had gained 4.54% over the past month. This has outpaced the Computer and Technology sector's loss of 4.36% and the S&P 500's loss of 1.37% in that time.
Wall Street will be looking for positivity from Verizon Communications as it approaches its next earnings report date. This is expected to be January 25, 2022. On that day, Verizon Communications is projected to report earnings of $1.28 per share, which would represent year-over-year growth of 5.79%. Our most recent consensus estimate is calling for quarterly revenue of $33.73 billion, down 2.77% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $5.38 per share and revenue of $133.23 billion. These results would represent year-over-year changes of +9.8% and +3.85%, respectively.
Investors should also note any recent changes to analyst estimates for Verizon Communications. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Verizon Communications is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Verizon Communications is holding a Forward P/E ratio of 9.89. Its industry sports an average Forward P/E of 51.86, so we one might conclude that Verizon Communications is trading at a discount comparatively.
We can also see that VZ currently has a PEG ratio of 3.04. 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. VZ's industry had an average PEG ratio of 1.88 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 169, which puts it in the bottom 34% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Verizon Communications (VZ) Stock Moves -0.15%: What You Should Know
Verizon Communications (VZ - Free Report) closed the most recent trading day at $53.09, moving -0.15% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.14%. At the same time, the Dow lost 1.23%, and the tech-heavy Nasdaq lost 0.36%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had gained 4.54% over the past month. This has outpaced the Computer and Technology sector's loss of 4.36% and the S&P 500's loss of 1.37% in that time.
Wall Street will be looking for positivity from Verizon Communications as it approaches its next earnings report date. This is expected to be January 25, 2022. On that day, Verizon Communications is projected to report earnings of $1.28 per share, which would represent year-over-year growth of 5.79%. Our most recent consensus estimate is calling for quarterly revenue of $33.73 billion, down 2.77% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $5.38 per share and revenue of $133.23 billion. These results would represent year-over-year changes of +9.8% and +3.85%, respectively.
Investors should also note any recent changes to analyst estimates for Verizon Communications. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Verizon Communications is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Verizon Communications is holding a Forward P/E ratio of 9.89. Its industry sports an average Forward P/E of 51.86, so we one might conclude that Verizon Communications is trading at a discount comparatively.
We can also see that VZ currently has a PEG ratio of 3.04. 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. VZ's industry had an average PEG ratio of 1.88 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 169, which puts it in the bottom 34% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.