Key Takeaways:
- Verizon Communications Inc. (VZ, Financial) surprises by exceeding earnings and revenue forecasts.
- Analysts project a potential price upside of 10.41% from current levels.
- GuruFocus estimates indicate a slight potential downside, suggesting careful analysis before investing.
Verizon Communications Inc. (VZ) has delivered impressive financial results that exceeded market expectations. The company's non-GAAP earnings per share came in at $1.19, topping predictions by $0.04. Additionally, Verizon's revenue achieved $33.5 billion, surpassing forecasts by $220 million, underscoring a robust performance.
Wall Street Analysts Forecast
According to projections from 22 analysts, Verizon Communications Inc. (VZ, Financial) is anticipated to have an average one-year price target of $47.40. The highest estimate stands at $55.00, while the lowest is at $40.00. This average target signifies a potential upside of 10.41% from the current trading price of $42.93. Investors seeking more detailed data can explore the Verizon Communications Inc (VZ) Forecast page.
In terms of analyst ratings, 27 brokerage firms have provided a consensus recommendation that classifies Verizon Communications Inc. (VZ, Financial) with an average brokerage recommendation of 2.5, signaling an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
GuruFocus's evaluation suggests that the estimated GF Value for Verizon Communications Inc. (VZ, Financial) in a year is projected at $40.84. This estimation implies a potential downside of 4.87% from the present price of $42.93. The GF Value represents GuruFocus’ calculation of the fair value at which the stock should ideally be traded, based on historical multiples, past business growth, and future performance projections. For more comprehensive insights, investors can access the Verizon Communications Inc (VZ) Summary page.
