- Verizon Beats Earnings Estimates: Non-GAAP EPS exceeds expectations at $1.19.
- Revenue Surpasses Projections: Verizon's revenue hits $33.5 billion, beating forecasts.
- Analyst Ratings Remain Positive: Average target price suggests a potential 10.41% upside.
Verizon Communications Inc. (VZ, Financial) has made a notable mark in the most recent financial period, with non-GAAP earnings per share hitting $1.19. This performance has exceeded expectations by $0.04, signaling financial robustness. Additionally, the company's revenue reached a substantial $33.5 billion, surpassing projections by $220 million, further cementing its strong market position.
Wall Street Analysts Forecast
Assessing the insights from 22 seasoned analysts, the one-year average price target for Verizon Communications Inc (VZ, Financial) is pegged at $47.40. This includes a high estimate of $55.00 and a low estimate of $40.00. These figures imply a promising upside potential of 10.41% from the current valuation of $42.93. For more comprehensive estimate data, visit the Verizon Communications Inc (VZ) Forecast page.
In terms of brokerage firm insights, the average recommendation from 27 firms positions Verizon Communications Inc (VZ, Financial) at a 2.5 rating, which aligns with an "Outperform" status. The rating spectrum spans from 1, indicating a Strong Buy, to 5, suggesting a Sell.
An essential metric from GuruFocus, the GF Value for Verizon Communications Inc (VZ, Financial) is projected at $40.84 for the coming year. This estimation suggests a potential downside of 4.87% from the current share price of $42.93. The GF Value offers insights into what the fair trading value of the stock should be, by examining historical trading multiples, past growth patterns, and future business performance projections. For further details, please refer to the Verizon Communications Inc (VZ) Summary page.
