Valued at a market cap of $183.4 billion, Verizon Communications Inc. (VZ) is a leading telecommunications company that provides wireless voice and data services, high-speed internet, fiber-optic broadband, and digital communications solutions to consumers, businesses, and government agencies. Headquartered in New York City, the company operates through its Consumer and Business segments, offering 4G and 5G wireless connectivity, fixed wireless access, and fiber broadband services, alongside enterprise networking, Internet of Things (IoT), and managed security solutions.
VZ is expected to release its Q3 2026 earnings on Monday, Oct. 26, before the market opens. Ahead of the event, analysts expect the company’s EPS to be $1.27 on a diluted basis, up 5% from $1.21 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters.
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For fiscal 2026, analysts project the company’s EPS to be $5.03, up 6.8% from $4.71 in fiscal 2025. Moreover, its EPS is expected to rise by 5.2% year over year to $5.29 in fiscal 2027.
www.barchart.comVZ’s stock has tanked 9.2% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) 14.5% rise but trailing the State Street Real Estate Select Sector SPDR ETF’s (XLC) 5.2% fall during the same time frame.
www.barchart.comVerizon has struggled to keep pace with the broader market over the past year as fierce competition, debt concerns, and mounting disruption risks have weighed on investor sentiment. The telecom giant’s revenue has remained flat over the past five years, raising concerns about its ability to expand despite ongoing investments. Price wars with its industry rivals, along with growing competition from cable providers, have raised questions about Verizon’s ability to accelerate growth.
Adding to the pressure, Space Exploration Technologies Corp.’s (SPCX) recent agreement to acquire Grain Management’s nationwide 800 MHz spectrum portfolio sparked fresh fears that satellite-to-cellular technology could disrupt the traditional wireless business. The news sent Verizon shares tumbling 6% in premarket trading, highlighting investor concerns that emerging satellite networks could challenge established carriers’ dominance and constrain their long-term growth potential.
Analysts are fairly bullish on VZ, with the stock having a “Moderate Buy” rating overall. Among the 30 analysts covering the stock, nine are recommending a “Strong Buy,” two suggest a “Moderate Buy,” and 19 suggest a “Hold.” VZ’s average analyst price target is $51.16, indicating an upside of 14.9% from the current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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