T-Mobile (TMUS) Stock Sinks As Market Gains: What You Should Know
T-Mobile (TMUS) closed at USD 132.23 in the last trading session, a movement of -0.02% from the previous day. That change fell short of the S&P 500's daily gain of 0.08%. At the same time, the Dow rose 0.38% and the tech-heavy Nasdaq lost 0.29%.
Prior to today's trading, the wireless operator's shares were up 3.27% over the past month. This lagged behind the computer and technology sector's 7.44% gain and the S&P 500's 3.8% gain over the period.
Wall Street will look for a positive view of TMUS as it nears its next earnings report. The company is expected to post earnings per share of $ 0.58, down 33.33% from the year-ago quarter. Our latest consensus estimate is for quarterly revenue of $ 19.87 billion, up 67.28% from the same period last year.
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Looking at the full year, our Zacks Consensus estimates expect analysts to expect earnings per share of $ 2.68 and revenue of $ 70.49 billion. These total numbers would mean changes of -33.33% or + 56.64% compared to the previous year.
Investors should also be aware of the recent changes in analyst estimates for TMUS. These revisions typically reflect the latest short-term business trends, which can change frequently. Positive estimates therefore reflect analysts' optimism about the company's business and profitability.
Based on our research, we believe these estimates are directly related to team-based stock movements. We developed the Zacks rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable valuation model.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable externally verified track record, with the # 1 stocks having posted an average annual return of + 25% since 1988. Zack's Consensus EPS estimate remained flat last month. TMUS currently has a Zacks rank of # 3 (Hold).
In terms of valuation, TMUS is currently trading at a forward P / E ratio of 49.35. For comparison, the industry has an average forward P / E of 14.22, which means that TMUS is trading at a premium for the group.
It's also worth noting that TMUS currently has a PEG ratio of 2.66. This metric is used similarly to the famous P / E ratio, but the P / E ratio also takes into account the stock's expected earnings growth rate. The Wireless National held an average PEG rate of 2.86 at yesterday's closing price.
The national wireless industry is part of the computer and technology sector. This industry currently has a Zacks industry ranking of 117, making it the top 46% of all 250+ industries.
Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of each stock within the groups. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
For more information on all of these metrics and more, visit Zacks.com.
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TMobile US, Inc. (TMUS): Free Stock Research Report
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