EPS of $1.31 for the same period compares with $1.37 a year ago.Ĭompared to the Zacks Consensus Estimate of $33.74 billion, the reported revenues represent a surprise of +0.16%. Verizon reported revenues of $33.79 billion in the last reported quarter, representing a year-over-year change of +0.1%. Last Reported Results and Surprise History The $136.29 billion and $138.5 billion estimates for the current and next fiscal years indicate changes of +2% and +1.6%, respectively. In the case of Verizon, the consensus sales estimate of $33.72 billion for the current quarter points to a year-over-year change of +2.5%. Therefore, knowing a company's potential revenue growth is crucial. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.ġ2-month consensus EPS estimate for VZ _12MonthEPSChartUrlĮven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. The key question now is: What could be the stock's future direction? During this period, the Zacks Wireless National industry, which Verizon falls in, has lost 3.4%. cellphone carrier have returned -6.3%, compared to the Zacks S&P 500 composite's -2.3% change. Over the past month, shares of this largest U.S. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Verizon Communications (VZ) has been one of the most searched-for stocks on lately.
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