Verizon Communications (VZ) Tops Q1 EPS by 3c, Offers Guidance
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Evercore ISI Recaps Verizon Communications (VZ) Earnings
April 23, 2024 5:32 AM EDTEvercore ISI analyst Vijay Jayant reiterated an In Line rating and $42.00 price target on Verizon Communications (NYSE: VZ).
The analyst comments "VZ sold off 4.7% (vs. S&P 500 +0.9%) despite what we viewed as healthy and broadly in line 1Q24 results, encouraging subscriber momentum entering... More
Verizon Communications (VZ) PT Lowered to $40 at Wells Fargo
April 23, 2024 5:08 AM EDTWells Fargo analyst Eric Luebchow lowered the price target on Verizon Communications (NYSE: VZ) to $40.00 (from $44.00) while maintaining a Equal Weight rating.
The analyst comments "Consumer sub trends improve, albeit with some "second number" benefit. VZ's -158K consumer postpaid phone... More
Verizon Communications (VZ) earnings beat lifts shares despite revenue miss
April 22, 2024 7:10 AM EDTVerizon Communications (NYSE: VZ) reported its first-quarter 2024 earnings, surpassing analyst expectations for adjusted earnings per share (EPS) but falling short on revenue. The company's stock rose by as much as 3.2% premarket following the announcement, indicating investor optimism driven by the earnings beat.
For the first quarter, Verizon posted an adjusted EPS of $1.15, which is $0.03 higher than the analyst estimate of $1.12. However, the revenue for the quarter was $33 billion, slightly below the consensus estimate of $33.23 billion. When... More
