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CommScope (COMM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, CommScope (COMM - Free Report) closed at $25.42, marking a -0.24% move from the previous day. This move lagged the S&P 500's daily gain of 0.47%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 0.34%.
Prior to today's trading, shares of the wireless and broadband network technology company had gained 19.23% over the past month. This has outpaced the Computer and Technology sector's gain of 6.46% and the S&P 500's gain of 4.67% in that time.
COMM will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.44, down 10.2% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.08 billion, down 3.47% from the year-ago period.
COMM's full-year Zacks Consensus Estimates are calling for earnings of $2.83 per share and revenue of $9.66 billion. These results would represent year-over-year changes of +24.67% and +111.54%, respectively.
Investors should also note any recent changes to analyst estimates for COMM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 24.09% higher. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note COMM's current valuation metrics, including its Forward P/E ratio of 8.99. For comparison, its industry has an average Forward P/E of 42.6, which means COMM is trading at a discount to the group.
Investors should also note that COMM has a PEG ratio of 2.25 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. The Communication - Infrastructure industry currently had an average PEG ratio of 7.99 as of yesterday's close.
The Communication - Infrastructure industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 2, putting it in the top 1% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COMM in the coming trading sessions, be sure to utilize Zacks.com.
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CommScope (COMM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, CommScope (COMM - Free Report) closed at $25.42, marking a -0.24% move from the previous day. This move lagged the S&P 500's daily gain of 0.47%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 0.34%.
Prior to today's trading, shares of the wireless and broadband network technology company had gained 19.23% over the past month. This has outpaced the Computer and Technology sector's gain of 6.46% and the S&P 500's gain of 4.67% in that time.
COMM will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.44, down 10.2% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.08 billion, down 3.47% from the year-ago period.
COMM's full-year Zacks Consensus Estimates are calling for earnings of $2.83 per share and revenue of $9.66 billion. These results would represent year-over-year changes of +24.67% and +111.54%, respectively.
Investors should also note any recent changes to analyst estimates for COMM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 24.09% higher. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note COMM's current valuation metrics, including its Forward P/E ratio of 8.99. For comparison, its industry has an average Forward P/E of 42.6, which means COMM is trading at a discount to the group.
Investors should also note that COMM has a PEG ratio of 2.25 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. The Communication - Infrastructure industry currently had an average PEG ratio of 7.99 as of yesterday's close.
The Communication - Infrastructure industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 2, putting it in the top 1% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COMM in the coming trading sessions, be sure to utilize Zacks.com.