What is a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:
- DISH Network DISH - P/E: 6.21
- Jiayin Gr JFIN - P/E: 1.82
- Lumen Technologies LUMN - P/E: 5.79
- Altice USA ATUS - P/E: 6.51
- AdTheorent Holding ADTH - P/E: 6.27
Most recently, DISH Network reported earnings per share at $0.82, whereas in Q1 earnings per share sat at $0.68. Jiayin Gr's earnings per share for Q1 sits at $0.44, whereas in Q4, they were at 0.36. Most recently, Lumen Technologies reported earnings per share at $0.35, whereas in Q1 earnings per share sat at $0.63. Most recently, the company reported a dividend yield of 8.77%, which has decreased by 1.63% from last quarter's yield of 10.4%.
Altice USA saw a decrease in earnings per share from 0.43 in Q1 to $0.23 now. Most recently, the company reported a dividend yield of 10.8%, which has increased by 10.8% from last quarter's yield of 0.0%.
AdTheorent Holding saw an increase in earnings per share from -0.03 in Q1 to $0.62 now.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.