PLDT (PHI) closed at $22.28 in the latest trading session, marking a -0.76% move from the prior day. This change lagged the S&P 500’s 0.58% gain on the day. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 1.66%.

Coming into today, shares of the telecommunications company had gained 40.31% in the past month. In that same time, the Computer and Technology sector gained 4.46%, while the S&P 500 gained 3.15%.

Wall Street will be looking for positivity from PHI as it approaches its next earnings report date.

Any recent changes to analyst estimates for PHI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.