Market Update (NYSE:CTL): Will CenturyLink’s Core Revenue Decrease in 2Q16?

[at Market Realist] – When it released its 1Q16 results, CenturyLink gave guidance for its core revenue (comprising legacy and strategic revenue) to range from ~$3.9 billion–$4.0 billion for 2Q16. Read more on this. CenturyLink, Inc. (CTL) , valued at $16.04B, began trading this morning at $29.00. Looking at the equity, the company’s one day range is $28.84 to $29.40 and has traded between $21.94 and $32.94 over the past year. CTL shares are currently priced at 11.24x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.24x earnings multiple for the same period. The company pays shareholders $2.16 per share in dividend income per year, for a current yield of 7.76%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.04 better than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.58 would be a $0.13 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.39 Billion. If realized, that would be a 0.68% decrease over the year-ago quarter. More recently, Evercore ISI Initiated CTL at Hold (Jun 22, 2016). Previously, Wells Fargo downgraded CTL from Outperform to Market Perform. The average price target for CTL shares by the analysts covering it is $29.71, which is 2.45% above where the stock opened. See more in (NYSE:CTL) Similar Articles: Company Update (NYSE:CTL): Will CenturyLink’s Revenue Continue to Decline? Market Update: CenturyLink Inc (NYSE:CTL) – Will CenturyLink’s Earnings Beat Expectations Again in 1Q16? Stock Update (NYSE:CTL): Why Did CenturyLink’s Revenue Surprise Wall Street in 4Q15?