Stock Update (NYSE:CTL): Why Did CenturyLink’s Revenue Surprise Wall Street in 4Q15?

[Market Realist] – CenturyLink’s revenue grew 0.9% YoY to $4.5 billion in 4Q15. The company’s revenue was 1.4% more than the Wall Street analyst consensus for 4Q15. Read more on this. CenturyLink, Inc. (CTL) , valued at $14.98B, began trading this morning at $26.10. During today’s session, CTL traded between $25.37 to $27.75 and has traded between $21.94 and $39.79 over the past year. CTL shares are currently priced at 10.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.33x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.16 per share annually in dividends, yielding 8.12%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.56 is a $0.05 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.42 Billion. If reported, that would be a 0.45% decrease over the year-ago quarter. More recently, RBC Capital Mkts Initiated CTL at Sector Perform (Sep 22, 2015). Previously, Barclays Initiated CTL at to Underweight. With the above information in mind, readers should note that the average price target is $29.38, which is 12.57% above where the stock opened this morning. See more in (NYSE:CTL) Similar Articles: Stock Update: CenturyLink Inc (NYSE:CTL) – [$$] Adtran’s AT&T and CenturyLink Opportunity Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Declares Quarterly Cash Dividend Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink’s Revenue on Par with Analysts’ Expectations in 3Q15
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.