Yahoo Finance Verizon Communications (VZ) Stock Moves -0.49%: What You Should Know
In the latest trading session, Verizon Communications (VZ) closed at $36.89, marking a -0.49% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 1.03%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the largest U.S. cellphone carrier had lost 0.32% over the past month, lagging the Computer and Technology sector's gain of 11.26% and the S&P 500's gain of 6.22% in that time.
Verizon Communications will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.22, down 6.87% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $35.26 billion, up 3.49% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.19 per share and revenue of $136.86 billion. These totals would mark changes of -3.71% and +2.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Verizon Communications. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.02% higher within the past month. Verizon Communications is currently a Zacks Rank #3 (Hold).
In terms of valuation, Verizon Communications is currently trading at a Forward P/E ratio of 7.15. For comparison, its industry has an average Forward P/E of 27.25, which means Verizon Communications is trading at a discount to the group.
Also, we should mention that VZ has a PEG ratio of 1.72. 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 2.14 at yesterday's closing price.
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 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 Inc. (VZ) : Free Stock Analysis Report
