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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
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Verizon Communications (VZ - Free Report) closed at $59.07 in the latest trading session, marking a -0.11% move from the prior day. This change lagged the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.27%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the largest U.S. cellphone carrier had gained 3.88% over the past month, outpacing the Computer and Technology sector's gain of 3.18% and the S&P 500's gain of 1.92% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be April 23, 2019. On that day, VZ is projected to report earnings of $1.17 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $32.26 billion, up 1.55% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.66 per share and revenue of $132.29 billion. These results would represent year-over-year changes of -1.06% and +1.09%, respectively.
Investors might also notice recent changes to analyst estimates for VZ. These recent revisions tend to reflect the evolving nature of short-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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. VZ currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that VZ has a Forward P/E ratio of 12.69 right now. Its industry sports an average Forward P/E of 31.11, so we one might conclude that VZ is trading at a discount comparatively.
It is also worth noting that VZ currently has a PEG ratio of 3.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Wireless National stocks are, on average, holding a PEG ratio of 2.9 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 26% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know
Verizon Communications (VZ - Free Report) closed at $59.07 in the latest trading session, marking a -0.11% move from the prior day. This change lagged the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.27%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the largest U.S. cellphone carrier had gained 3.88% over the past month, outpacing the Computer and Technology sector's gain of 3.18% and the S&P 500's gain of 1.92% in that time.
VZ will be looking to display strength as it nears its next earnings release, which is expected to be April 23, 2019. On that day, VZ is projected to report earnings of $1.17 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $32.26 billion, up 1.55% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.66 per share and revenue of $132.29 billion. These results would represent year-over-year changes of -1.06% and +1.09%, respectively.
Investors might also notice recent changes to analyst estimates for VZ. These recent revisions tend to reflect the evolving nature of short-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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. VZ currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that VZ has a Forward P/E ratio of 12.69 right now. Its industry sports an average Forward P/E of 31.11, so we one might conclude that VZ is trading at a discount comparatively.
It is also worth noting that VZ currently has a PEG ratio of 3.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Wireless National stocks are, on average, holding a PEG ratio of 2.9 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 26% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.