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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Verizon Communications (VZ - Free Report) closed at $51.42, marking a -0.43% move from the previous day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.49%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 0.78% in the past month. In that same time, the Computer and Technology sector lost 8.85%, while the S&P 500 lost 6.79%.
Investors will be hoping for strength from Verizon Communications as it approaches its next earnings release, which is expected to be July 22, 2022. The company is expected to report EPS of $1.35, down 1.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $33.73 billion, down 0.11% from the prior-year quarter.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $5.40 per share and revenue of $136.49 billion. These results would represent year-over-year changes of +0.19% and +2.15%, respectively.
Investors might also notice recent changes to analyst estimates for Verizon Communications. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Verizon Communications is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Verizon Communications is holding a Forward P/E ratio of 9.56. This represents a discount compared to its industry's average Forward P/E of 27.58.
Investors should also note that VZ has a PEG ratio of 2.66 right now. 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. VZ's industry had an average PEG ratio of 2 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 57, putting it in the top 23% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Verizon Communications (VZ - Free Report) closed at $51.42, marking a -0.43% move from the previous day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.49%.
Coming into today, shares of the largest U.S. cellphone carrier had gained 0.78% in the past month. In that same time, the Computer and Technology sector lost 8.85%, while the S&P 500 lost 6.79%.
Investors will be hoping for strength from Verizon Communications as it approaches its next earnings release, which is expected to be July 22, 2022. The company is expected to report EPS of $1.35, down 1.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $33.73 billion, down 0.11% from the prior-year quarter.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $5.40 per share and revenue of $136.49 billion. These results would represent year-over-year changes of +0.19% and +2.15%, respectively.
Investors might also notice recent changes to analyst estimates for Verizon Communications. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Verizon Communications is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Verizon Communications is holding a Forward P/E ratio of 9.56. This represents a discount compared to its industry's average Forward P/E of 27.58.
Investors should also note that VZ has a PEG ratio of 2.66 right now. 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. VZ's industry had an average PEG ratio of 2 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 57, putting it in the top 23% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.