Understanding Value Stocks
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:
- Nexstar Media Group NXST - P/E: 7.98
- Zedge ZDGE - P/E: 4.25
- Tegna TGNA - P/E: 8.82
- Hall Of Fame Resort HOFV - P/E: 5.0
- DISH Network DISH - P/E: 4.0
Most recently, Nexstar Media Group reported earnings per share at $5.56, whereas in Q1 earnings per share sat at $5.99. Its most recent dividend yield is at 1.94%, which has decreased by 0.28% from 2.22% in the previous quarter.
Zedge has reported Q3 earnings per share at $0.05, which has decreased by 68.75% compared to Q2, which was 0.16. Tegna saw an increase in earnings per share from 0.59 in Q1 to $0.6 now. Its most recent dividend yield is at 1.8%, which has increased by 0.1% from 1.7% in the previous quarter.
Hall Of Fame Resort has been featured as a value stock. Hall Of Fame Resort's Q2 EPS sits at $-0.08, which has not changed since last quarter (Q1). DISH Network saw an increase in earnings per share from 0.68 in Q1 to $0.82 now.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
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