AT&T (T) closed the most recent trading day at $30.30, moving +0.05% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.09%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.16%.
Prior to today's trading, shares of the telecommunications company had gained 1.47% over the past month. This has lagged the Computer and Technology sector's gain of 4.21% and the S&P 500's gain of 2.35% in that time.
Investors will be hoping for strength from T as it approaches its next earnings release. The company is expected to report EPS of $0.86, up 1.18% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $45.32 billion, up 19.14% from the year-ago period.
T's full-year Zacks Consensus Estimates are calling for earnings of $3.58 per share and revenue of $184.54 billion. These results would represent year-over-year changes of +1.7% and +8.08%, respectively.
Investors should also note any recent changes to analyst estimates for T. Recent revisions tend to reflect the latest 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. 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 has moved 0.23% higher within the past month. T is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, T is currently trading at a Forward P/E ratio of 8.45. This represents a discount compared to its industry's average Forward P/E of 29.83.
Investors should also note that T has a PEG ratio of 1.28 right now. 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 Wireless National industry currently had an average PEG ratio of 2.28 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 166, putting it in the bottom 35% 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.
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