Verizon Communications Inc. (VZ, Financial) reported its first-quarter 2025 revenue at $33.5 billion, surpassing analysts' expectations of $33.28 billion. The telecommunications giant attributed its performance to strategic initiatives and a strong focus on customer needs.
The company's wireless service revenue reached $20.8 billion, marking a 2.7% increase compared to the same period last year. This growth is part of Verizon's broader strategy to retain a high-quality subscriber base and enhance customer satisfaction through offerings like the three-year price lock and a free phone guarantee.
In addition to its wireless success, Verizon recorded significant advancements in its broadband sector. The total number of broadband connections rose to over 12.6 million by the end of the first quarter, reflecting a 13.7% increase year-over-year. During this period, the company added 339,000 new broadband customers.
Verizon's fixed wireless access segment also showed robust growth, with net additions of 308,000 in the first quarter, expanding the subscriber base to more than 4.8 million. The company's ongoing focus on innovation and investment is aimed at sustaining this momentum and addressing evolving customer demands.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Verizon Communications Inc (VZ, Financial) is $47.40 with a high estimate of $55.00 and a low estimate of $40.00. The average target implies an upside of 10.41% from the current price of $42.93. More detailed estimate data can be found on the Verizon Communications Inc (VZ) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Verizon Communications Inc's (VZ, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Verizon Communications Inc (VZ, Financial) in one year is $40.84, suggesting a downside of 4.87% from the current price of $42.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Verizon Communications Inc (VZ) Summary page.
