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.
Crown Castle (CCI) Stock Moves -1.68%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Crown Castle (CCI - Free Report) closed at $127.86, marking a -1.68% move from the previous day. This change was narrower than the S&P 500's 1.85% loss on the day. At the same time, the Dow lost 1.66%, and the tech-heavy Nasdaq lost 10.91%.
Coming into today, shares of the operator of wireless communications towers had lost 9.33% in the past month. In that same time, the Finance sector lost 3.85%, while the S&P 500 lost 2.85%.
Wall Street will be looking for positivity from Crown Castle as it approaches its next earnings report date. In that report, analysts expect Crown Castle to post earnings of $1.99 per share. This would mark year-over-year growth of 6.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.8 billion, up 3.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.64 per share and revenue of $7.21 billion. These totals would mark changes of +3.52% and +3.18%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Crown Castle. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.1% higher. Crown Castle is currently a Zacks Rank #3 (Hold).
In terms of valuation, Crown Castle is currently trading at a Forward P/E ratio of 17.02. Its industry sports an average Forward P/E of 11.71, so we one might conclude that Crown Castle is trading at a premium comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Crown Castle (CCI) Stock Moves -1.68%: What You Should Know
In the latest trading session, Crown Castle (CCI - Free Report) closed at $127.86, marking a -1.68% move from the previous day. This change was narrower than the S&P 500's 1.85% loss on the day. At the same time, the Dow lost 1.66%, and the tech-heavy Nasdaq lost 10.91%.
Coming into today, shares of the operator of wireless communications towers had lost 9.33% in the past month. In that same time, the Finance sector lost 3.85%, while the S&P 500 lost 2.85%.
Wall Street will be looking for positivity from Crown Castle as it approaches its next earnings report date. In that report, analysts expect Crown Castle to post earnings of $1.99 per share. This would mark year-over-year growth of 6.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.8 billion, up 3.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.64 per share and revenue of $7.21 billion. These totals would mark changes of +3.52% and +3.18%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Crown Castle. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.1% higher. Crown Castle is currently a Zacks Rank #3 (Hold).
In terms of valuation, Crown Castle is currently trading at a Forward P/E ratio of 17.02. Its industry sports an average Forward P/E of 11.71, so we one might conclude that Crown Castle is trading at a premium comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.