Crown Castle (CCI) gains as the market drops: What you should know

Crown Castle (CCI) closed at $99.99 in the latest trading session, posting a +0.22% move from the previous day. This move surpassed the S&P 500’s daily loss of 0.42%. Meanwhile, the Dow Jones lost 0.56%, and the Nasdaq, a heavy technology index, lost 0.08%.

Today’s wireless tower operator shares lost 3.93% last month. Meanwhile, the finance sector lost 0.81%, while the S&P 500 rose 1.02%.

Crown Castle will look to show its strength as it approaches its next earnings release. The company is expected to report earnings per share of $1.80, down 2.7% from the previous quarter. Meanwhile, the Zacks consensus estimate for revenue expects net sales of $1.72 billion, down 1.63% from the year-ago period.

For the full year, Zacks consensus estimates expect earnings of $7.56 per share and revenue of $7.05 billion, representing changes of +2.44% and +0.87%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Crown Castle. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Research indicates that these discretionary revisions are directly related to stock price momentum in the near term. Investors can take advantage of this by using Zacks Rank. This model takes these estimated changes into account and provides a simple and actionable rating system.

The Zacks Rank system, which ranges from No. 1 (Strong Buy) to No. 5 (Strong Sell), has an externally audited outperformance record, with No. 1 stocks delivering an average annual return of +25% since 1988. Zacks Consensus Rating Decreased EPS increased by 0.03% over the past month. Crown Castle currently has a Zacks rank of #4 (Sold).

Looking at its valuation, Crown Castle has a forward price-to-earnings ratio of 13.2. Its industry has a forward average price of 11.09, so one can infer that Crown Castle is trading at a relatively higher price.

Real estate investment fund and stocks – other industries are part of the finance sector. The industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries.

The Zacks Industry Rating measures the strength of our individual industry groups by measuring the average Zacks rating of individual stocks within the groups. Our research shows that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to keep track of all stock movement metrics, and more, in upcoming trading sessions.

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Crown Castle Inc. (CCI): Free stock analysis report

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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

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