In the latest trading session, Verizon Communications (VZ) closed at $54.55, marking a -0.66% move from the previous day. This change lagged the S&P 500's 0.03% gain on the day. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the largest U.S. cellphone carrier had gained 1.23% over the past month. This has lagged the Computer and Technology sector's gain of 2.11% and the S&P 500's gain of 3.1% in that time.
Wall Street will be looking for positivity from VZ as it approaches its next earnings report date. This is expected to be October 18, 2018. On that day, VZ is projected to report earnings of $1.18 per share, which would represent year-over-year growth of 20.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.43 billion, up 2.25% from the year-ago period.
VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.66 per share and revenue of $130.50 billion. These results would represent year-over-year changes of +24.6% and +3.54%, respectively.
Investors might also notice recent changes to analyst estimates for VZ. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. VZ currently has a Zacks Rank of #3 (Hold).
Investors should also note VZ's current valuation metrics, including its Forward P/E ratio of 11.78. This valuation marks a discount compared to its industry's average Forward P/E of 39.37.
We can also see that VZ currently has a PEG ratio of 1.99. 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 2.33 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% 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.
To follow VZ in the coming trading sessions, be sure to utilize Zacks.com.
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