Verizon Communications (VZ) closed at $45.42 in the latest trading session, marking a -1.35% move from the prior day. This change lagged the S&P 500's daily gain of 1.02%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 1.23%.
Shares of the largest U.S. cellphone carrier witnessed a loss of 10.39% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.17%, and the S&P 500's gain of 0.63%.
Market participants will be closely following the financial results of Verizon Communications in its upcoming release. The company plans to announce its earnings on April 27, 2026. The company's upcoming EPS is projected at $1.23, signifying a 3.36% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $34.75 billion, reflecting a 3.79% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.91 per share and revenue of $143.27 billion. These totals would mark changes of +4.25% and +3.68%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Verizon Communications. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.69% lower. Verizon Communications currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Verizon Communications is at present trading with a Forward P/E ratio of 9.38. This valuation marks a discount compared to its industry average Forward P/E of 12.67.
Meanwhile, VZ's PEG ratio is currently 1.94. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Wireless National industry stood at 1.6 at the close of the market yesterday.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Verizon Communications Inc. (VZ): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).