CenturyLink (CTL) Dips More Than Broader Markets: What You Should Know
CenturyLink (CTL) closed the most recent trading day at $14.35, moving -1.58% from the previous trading session. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq lost 0.36%.
Heading into today, shares of the communications company had lost 12.8% over the past month, lagging the Computer and Technology sector's gain of 10.66% and the S&P 500's gain of 8.17% in that time.
Wall Street will be looking for positivity from CTL as it approaches its nex t earnings report date. This is expected to be February 13, 2019. In tha t report , analysts expect CTL to post earnings of $0.36 per share. This would mark year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $5.80 billion, up 8.9% from the prior-year quarter.
Any recent changes to analyst estimates for CTL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.64% lower. CTL currently has a Zacks Rank of #4 (Sell).
In terms of valuation, CTL is currently trading at a Forward P/E ratio of 12.02. This represents a discount compared to its industry's average Forward P/E of 28.69.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.