IOn the last trading session, Crown Castle (CCI) closed at $ 198.58, marking a movement of -1.76% from the previous day. This change was smaller than the S&P 500’s 1.78% gain on the day. At the same time, the Dow Jones rose 1.61% and the tech-rich Nasdaq gained 0.95%.
Prior to today’s stock market, shares of the wireless communications tower operator had gained 11.09% over the past month. This exceeded the financial sector’s 3.34% loss and the S&P 500’s 2.63% loss during that time period.
Crown Castle will look to show some strength as the next release of its results draws near. The company is expected to post EPS of $ 1.72, down 26.18% from the previous year quarter. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 1.62 billion, up 8.73% from the previous year.
Zacks’ consensus estimates for CCI’s full year project earnings of $ 6.89 per share and revenue of $ 6.31 billion. These results would represent year-over-year variations of + 1.62% and + 7.99%, respectively.
Investors should also note any recent changes in analyst estimates for Crown Castle. These revisions generally 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.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive record of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus EPS forecast has remained stagnant. Crown Castle currently has a Zacks rank of # 2 (Buy).
In terms of valuation, Crown Castle is currently trading at a forward P / E ratio of 29.34. This valuation marks a premium over the average forward P / E of its sector of 17.9.
It should also be noted that CCI currently has a PEG ratio of 2.93. This metric is used similarly to the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the stock’s earnings. The REIT and Equity Trust – Other sector currently had an average PEG ratio of 2.9 at yesterday’s close.
The REIT and Equity Trust – Other Industry is part of the Finance sector. This group has an Industry Zacks Rank of 113, placing it in the top 45% of all 250+ industries.
Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
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