CenturyLink closed the most recent trading day at $11.35, moving +0.18% from the previous trading session. This change lagged the S&P 500's 0.95% gain on the day. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.8%.
Prior to today's trading, shares of the communications company had gained 13.76% over the past month. This has outpaced the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
Investors will be hoping for strength from CTL as it approaches its next earnings release. On that day, CTL is projected to report earnings of $0.34 per share, which would represent year-over-year growth of 30.77%. Our most recent consensus estimate is calling for quarterly revenue of $5.63 billion, down 6.73% from the year-ago period.
CTL's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $22.46 billion. These results would represent year-over-year changes of +11.76% and -4.77%, respectively.
It is also important to note the recent changes to analyst estimates for CTL. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 2.81% higher within the past month. CTL is currently a Zacks Rank #3 (Hold).
In terms of valuation, CTL is currently trading at a Forward P/E ratio of 8.53. This valuation marks a discount compared to its industry's average Forward P/E of 19.39.
Investors should also note that CTL has a PEG ratio of 0.98 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 Wireless National was holding an average PEG ratio of 1.76 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CenturyLink (CTL) Gains But Lags Market: What You Should Know
CenturyLink closed the most recent trading day at $11.35, moving +0.18% from the previous trading session. This change lagged the S&P 500's 0.95% gain on the day. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.8%.
Prior to today's trading, shares of the communications company had gained 13.76% over the past month. This has outpaced the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
Investors will be hoping for strength from CTL as it approaches its next earnings release. On that day, CTL is projected to report earnings of $0.34 per share, which would represent year-over-year growth of 30.77%. Our most recent consensus estimate is calling for quarterly revenue of $5.63 billion, down 6.73% from the year-ago period.
CTL's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $22.46 billion. These results would represent year-over-year changes of +11.76% and -4.77%, respectively.
It is also important to note the recent changes to analyst estimates for CTL. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 2.81% higher within the past month. CTL is currently a Zacks Rank #3 (Hold).
In terms of valuation, CTL is currently trading at a Forward P/E ratio of 8.53. This valuation marks a discount compared to its industry's average Forward P/E of 19.39.
Investors should also note that CTL has a PEG ratio of 0.98 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 Wireless National was holding an average PEG ratio of 1.76 at yesterday's closing price.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.