What are Value Stocks?
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.
Below is a list of notable value stocks in the communication services sector:
- Baidu BIDU - P/E: 8.47
- Gray Television GTN - P/E: 6.27
- MSG Networks MSGN - P/E: 4.82
- ViacomCBS VIAC - P/E: 9.22
- Nexstar Media Group NXST - P/E: 7.71
Baidu has reported Q1 earnings per share at 1.89, which has decreased by 38.64% compared to Q4, which was 3.08. Baidu does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Gray Television's earnings per share for Q1 sits at 0.27, whereas in Q4, they were at 2.26. Its most recent dividend yield is at 1.38%, which has decreased by 0.23% from 1.61% in the previous quarter.
MSG Networks's earnings per share for Q3 sits at 0.78, whereas in Q2, they were at 0.72. MSG Networks does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Most recently, ViacomCBS reported earnings per share at 1.52, whereas in Q4 earnings per share sat at 1.04. Most recently, the company reported a dividend yield of 2.35%, which has increased by 0.59% from last quarter's yield of 1.76%.
Nexstar Media Group's earnings per share for Q1 sits at 4.42, whereas in Q4, they were at 7.97. The company's most recent dividend yield sits at 1.86%, which has decreased by 0.7% from 2.56% last quarter.
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.
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