Advertisement
U.S. markets open in 5 hours 44 minutes
  • S&P Futures

    5,211.25
    -3.50 (-0.07%)
     
  • Dow Futures

    39,237.00
    +14.00 (+0.04%)
     
  • Nasdaq Futures

    18,194.75
    -36.75 (-0.20%)
     
  • Russell 2000 Futures

    2,048.80
    -1.00 (-0.05%)
     
  • Crude Oil

    82.70
    -0.02 (-0.02%)
     
  • Gold

    2,160.20
    -4.10 (-0.19%)
     
  • Silver

    25.18
    -0.08 (-0.32%)
     
  • EUR/USD

    1.0864
    -0.0013 (-0.12%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.47
    +0.14 (+0.98%)
     
  • GBP/USD

    1.2704
    -0.0024 (-0.19%)
     
  • USD/JPY

    150.2780
    +1.1800 (+0.79%)
     
  • Bitcoin USD

    64,141.47
    -4,036.51 (-5.92%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Nikkei 225

    40,003.60
    +263.20 (+0.66%)
     

Crown Castle (CCI) Dips More Than Broader Markets: What You Should Know

Crown Castle (CCI) closed the most recent trading day at $135.78, moving -0.83% from the previous trading session. This move lagged the S&P 500's daily loss of 0.13%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.24%.

Heading into today, shares of the operator of wireless communications towers had gained 7.23% over the past month, outpacing the Finance sector's gain of 3.25% and the S&P 500's gain of 4.13% in that time.

CCI will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.28, down 2.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.43 billion, up 7.29% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.88 per share and revenue of $5.79 billion. These totals would mark changes of +7.3% and +6.69%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for CCI. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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 remained stagnant within the past month. CCI is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note CCI's current valuation metrics, including its Forward P/E ratio of 23.3. This represents a premium compared to its industry's average Forward P/E of 15.69.

It is also worth noting that CCI currently has a PEG ratio of 1.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other was holding an average PEG ratio of 3.11 at yesterday's closing price.

The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Crown Castle International Corporation (CCI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Advertisement