In the latest trading session, Frontier Communications (FTR) closed at $2.10, marking a -1.41% move from the previous day. This change lagged the S&P 500's 0.47% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.74%.
Heading into today, shares of the broadband, voice and wireless internet access provider had lost 21.69% over the past month, lagging the Utilities sector's gain of 4.68% and the S&P 500's gain of 7.71% in that time.
Investors will be hoping for strength from FTR as it approaches its next earnings release, which is expected to be February 26, 2019. On that day, FTR is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 93.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.09 billion, down 5.57% from the year-ago period.
Investors might also notice recent changes to analyst estimates for FTR. 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. 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. FTR is currently sporting a Zacks Rank of #2 (Buy).
The Wireline - Regional - Rural industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 13% 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.
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
Frontier Communications Corporation (FTR) : Free Stock Analysis Report
To read this article on Zacks.com click here.