Analysts on Wall Street project that Verizon Communications (VZ) will announce quarterly earnings of $1.27 per share in its forthcoming report, representing an increase of 5% year over year. Revenues are projected to reach $34.81 billion, increasing 2.9% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Verizon metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Operating Revenues- Wireless equipment revenues' to reach $5.45 billion. The estimate indicates a change of -3% from the prior-year quarter.
It is projected by analysts that the 'Operating Revenues- Service revenues and other' will reach $29.29 billion. The estimate suggests a change of +3.9% year over year.
The consensus among analysts is that 'Operating revenues- Consumer' will reach $26.90 billion. The estimate suggests a change of +3% year over year.
The average prediction of analysts places 'Operating revenues- Business' at $7.19 billion. The estimate points to a change of +0.7% from the year-ago quarter.
Analysts' assessment points toward 'Operating revenues- Consumer- Other' reaching $2.40 billion. The estimate suggests a change of +140.1% year over year.
The consensus estimate for 'Operating revenues- Consumer- Wireless equipment' stands at $4.71 billion. The estimate indicates a year-over-year change of -1.2%.
According to the collective judgment of analysts, 'Wireless - Retail Prepaid Connections' should come in at 19.40 million. The estimate compares to the year-ago value of 19.06 million.
Analysts predict that the 'Wireless - Retail postpaid Connections' will reach 126.85 million. The estimate is in contrast to the year-ago figure of 125.91 million.
Analysts expect 'Wireless - Retail Connections - End of Period' to come in at 147.27 million. The estimate compares to the year-ago value of 146.12 million.
The collective assessment of analysts points to an estimated 'Operating Income (Loss)- Business' of $969.00 million. Compared to the present estimate, the company reported $637.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Operating Income (Loss)- Consumer' will likely reach $8.04 billion. Compared to the present estimate, the company reported $7.66 billion in the same quarter last year.
View all Key Company Metrics for Verizon here>>>Shares of Verizon have demonstrated returns of -4.1% over the past month compared to the Zacks S&P 500 composite's +1% change. With a Zacks Rank #3 (Hold), VZ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Verizon Communications Inc. (VZ): Free Stock Analysis Report
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