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Verizon Communications (VZ) Stock Moves -0.38%: What You Should Know

Verizon Communications (VZ) closed the most recent trading day at $54.41, moving -0.38% from the previous trading session. This change was narrower than the S&P 500's 0.58% loss on the day.

Coming into today, shares of the largest U.S. cellphone carrier had lost 2.43% in the past month. In that same time, the Computer and Technology sector gained 2.08%, while the S&P 500 gained 0.16%.

Investors will be hoping for strength from VZ as it approaches its next earnings release, which is expected to be October 20, 2021. In that report, analysts expect VZ to post earnings of $1.35 per share. This would mark year-over-year growth of 8%. Our most recent consensus estimate is calling for quarterly revenue of $33.59 billion, up 6.5% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.31 per share and revenue of $134.96 billion. These totals would mark changes of +8.37% and +5.2%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for VZ. 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. 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.

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 0.01% lower. VZ is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, VZ currently has a Forward P/E ratio of 10.28. This valuation marks a discount compared to its industry's average Forward P/E of 30.63.

Meanwhile, VZ's PEG ratio is currently 2.91. 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. VZ's industry had an average PEG ratio of 2.15 as of yesterday's close.

The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 219, putting it in the bottom 14% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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Verizon Communications Inc. (VZ): Free Stock Analysis Report
 
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