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Is Frontier Communications (FTR) Stock Outpacing Its Utilities Peers This Year?

Zacks Equity Research

Investors focused on the Utilities space have likely heard of Frontier Communications (FTR), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of FTR and the rest of the Utilities group's stocks.

Frontier Communications is one of 121 individual stocks in the Utilities sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. FTR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for FTR's full-year earnings has moved 42.56% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, FTR has returned 9.66% so far this year. At the same time, Utilities stocks have gained an average of 2.23%. This shows that Frontier Communications is outperforming its peers so far this year.

Breaking things down more, FTR is a member of the Wireline - Regional - Rural industry, which includes 3 individual companies and currently sits at #9 in the Zacks Industry Rank. On average, this group has gained an average of 13.36% so far this year, meaning that FTR is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Utilities sector will want to keep a close eye on FTR as it attempts to continue its solid performance.


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Zacks Investment Research