Key Takeaways:
- Verizon Communications (VZ, Financial) anticipates a modest increase in Q1 earnings, attributed to strategic pricing and service enhancements.
- Analyst forecasts suggest a potential upside of 8.71%, with price targets ranging from $40.00 to $55.00.
- Despite positive projections, the stock's GF Value indicates a potential downside of 6.33% from its current price.
Verizon Set for Slight Q1 Earnings Growth
Verizon Communications (VZ) is gearing up to announce its first-quarter earnings, with expectations set at a $1.15 EPS on revenues totaling $33.28 billion. This performance marks a near 1% annual growth. Investors are buoyed by the company's promising wireless subscriber expansion, a result of refined pricing strategies and the launch of enhanced service offerings. Analysts maintain an optimistic viewpoint regarding Verizon's forthcoming performance.
Analyst Price Targets for Verizon
Based on insights from 22 analysts, the average target price for Verizon Communications Inc (VZ, Financial) is poised at $47.40, with projections reaching as high as $55.00 and dipping as low as $40.00. This average price target suggests a potential upside of 8.71% from Verizon's current trading price of $43.60. For further analysis, visit the Verizon Communications Inc (VZ) Forecast page.
Investment Recommendations and GF Value Analysis
The consensus recommendation from 27 brokerage firms places Verizon Communications Inc's (VZ, Financial) average brokerage recommendation at 2.5, aligning with an "Outperform" status. This rating uses a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
According to GuruFocus metrics, the estimated GF Value for Verizon Communications Inc (VZ, Financial) in the coming year is pegged at $40.84, hinting at a downside of 6.33% from its current price of $43.60. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past growth, and projected future business performance. For additional insights, please consult the Verizon Communications Inc (VZ) Summary page.
