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Crown Castle (CCI) Stock Sinks As Market Gains: What You Should Know

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Crown Castle (CCI) closed at $172.76 in the latest trading session, marking a -0.01% move from the prior day. This change lagged the S&P 500's 2.14% gain on the day. Meanwhile, the Dow gained 1.82%, and the Nasdaq, a tech-heavy index, lost 0.01%.

Prior to today's trading, shares of the operator of wireless communications towers had gained 3.1% over the past month. This has outpaced the Finance sector's loss of 5.3% and the S&P 500's loss of 5.01% in that time.

Wall Street will be looking for positivity from Crown Castle as it approaches its next earnings report date. On that day, Crown Castle is projected to report earnings of $1.80 per share, which would represent year-over-year growth of 5.26%. Meanwhile, our latest consensus estimate is calling for revenue of $1.69 billion, up 13.69% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.38 per share and revenue of $6.89 billion. These totals would mark changes of +6.19% and +8.64%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Crown Castle. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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. Within the past 30 days, our consensus EPS projection remained stagnant. Crown Castle currently has a Zacks Rank of #2 (Buy).

Investors should also note Crown Castle's current valuation metrics, including its Forward P/E ratio of 23.41. Its industry sports an average Forward P/E of 14.85, so we one might conclude that Crown Castle is trading at a premium comparatively.

We can also see that CCI currently has a PEG ratio of 2.34. 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. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.7 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 108, which puts it in the top 43% 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.

To follow CCI in the coming trading sessions, be sure to utilize Zacks.com.


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