In the latest trading session, Crown Castle (CCI) closed at $131.83, marking a +1.4% move from the previous day. This change outpaced the S&P 500's 0.28% loss on the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 1.61%.
Prior to today's trading, shares of the operator of wireless communications towers had gained 2.95% over the past month. This has outpaced the Finance sector's loss of 5.8% and the S&P 500's loss of 6.3% in that time.
CCI will be looking to display strength as it nears its next earnings release. In that report, analysts expect CCI to post earnings of $1.28 per share. This would mark a year-over-year decline of 2.29%. 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 help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. CCI is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CCI has a Forward P/E ratio of 22.12 right now. For comparison, its industry has an average Forward P/E of 15.07, which means CCI is trading at a premium to the group.
Meanwhile, CCI's PEG ratio is currently 1.43. 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 industry currently had an average PEG ratio of 2.95 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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