How did Verizon Communications stock perform recently?

Verizon Communications (VZ) stock closed at $40.89, showing a 1.67% gain and outperforming the S&P 500 and other major indices.

What are the earnings expectations for Verizon Communications?

Verizon Communications is expected to report an EPS of $1.07 and quarterly revenue of $35.92 billion.

Is Verizon Communications stock overvalued or undervalued?

Verizon Communications is trading at a Forward P/E ratio of 8.57, which is a significant discount compared to its industry average.

Home / Business and Economy / Verizon Stock Beats Market: What's Driving the Rally?

Verizon Stock Beats Market: What's Driving the Rally?

14 Dec

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Summary

Verizon stock outperformed the S&P 500, Dow, and Nasdaq indices.
Upcoming earnings report to show EPS of $1.07, down 2.73% year-over-year.
VZ trades at a Forward P/E of 8.57, significantly below industry average.

Verizon Stock Beats Market: What's Driving the Rally?

Verizon Communications (VZ) demonstrated resilience in recent trading, with its stock closing at $40.89, marking a 1.67% increase. This performance significantly outpaced the broader market, which saw declines in the S&P 500, Dow, and Nasdaq. While Verizon's shares have experienced a slight decrease over the past month, its recent upward movement suggests renewed investor interest.

The company is on the cusp of releasing its earnings report, a key event for the investment community. Current projections estimate an Earnings Per Share (EPS) of $1.07, a marginal decrease from the previous year, and quarterly revenue expected to reach $35.92 billion, a slight increase. For the full fiscal year, analysts anticipate earnings of $4.69 per share and revenue of $137.88 billion.

Verizon's current valuation presents an attractive prospect, with a Forward P/E ratio of 8.57, notably lower than the industry average of 17.93. The Zacks Rank of #3 (Hold) indicates a stable outlook, reflecting analyst sentiment and recent estimate revisions. Investors are closely monitoring these metrics as they often correlate with future stock performance.