Verizon Communications (VZ) Stock Slides as Market Rises: Facts to Know Before You Trade

17.06.24 23:45 Uhr

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Aktien

38,22 EUR -0,40 EUR -1,02%

Indizes

PKT PKT

40.287,5 PKT -377,5 PKT -0,93%

15.716,7 PKT -210,8 PKT -1,32%

2.661,5 PKT -20,7 PKT -0,77%

5.505,0 PKT -39,6 PKT -0,71%

In the latest market close, Verizon Communications (VZ) reached $39.46, with a -0.53% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.77%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%.Heading into today, shares of the largest U.S. cellphone carrier had lost 0.97% over the past month, outpacing the Computer and Technology sector's loss of 3.05% and lagging the S&P 500's gain of 3.71% in that time.Analysts and investors alike will be keeping a close eye on the performance of Verizon Communications in its upcoming earnings disclosure. The company's earnings report is set to go public on July 22, 2024. It is anticipated that the company will report an EPS of $1.15, marking a 4.96% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $33.06 billion, reflecting a 1.44% rise from the equivalent quarter last year.For the full year, the Zacks Consensus Estimates are projecting earnings of $4.59 per share and revenue of $135.02 billion, which would represent changes of -2.55% and +0.78%, respectively, from the prior year.Investors might also notice recent changes to analyst estimates for Verizon Communications. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Verizon Communications presently features a Zacks Rank of #3 (Hold).In the context of valuation, Verizon Communications is at present trading with a Forward P/E ratio of 8.64. Its industry sports an average Forward P/E of 19.5, so one might conclude that Verizon Communications is trading at a discount comparatively.Meanwhile, VZ's PEG ratio is currently 2.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Wireless National industry had an average PEG ratio of 2.88.The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 26% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Highest Returns for Any Asset ClassIt’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.Hurry, Download Special Report – It’s FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Verizon Communications Inc. (VZ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Verizon Inc.

Analysen zu Verizon Inc.

DatumRatingAnalyst
05.11.2020Verizon overweightJP Morgan Chase & Co.
24.04.2019Verizon Sector PerformRBC Capital Markets
23.04.2019Verizon buyGoldman Sachs Group Inc.
04.09.2018Verizon Equal WeightBarclays Capital
11.05.2018Verizon overweightJP Morgan Chase & Co.
DatumRatingAnalyst
05.11.2020Verizon overweightJP Morgan Chase & Co.
23.04.2019Verizon buyGoldman Sachs Group Inc.
11.05.2018Verizon overweightJP Morgan Chase & Co.
23.04.2018Verizon OverweightBarclays Capital
22.01.2018Verizon Sector OutperformScotia Howard Weil
DatumRatingAnalyst
24.04.2019Verizon Sector PerformRBC Capital Markets
04.09.2018Verizon Equal WeightBarclays Capital
31.07.2017Verizon Sector PerformRBC Capital Markets
14.07.2017Verizon Equal WeightBarclays Capital
21.04.2017Verizon HoldArgus Research Company
DatumRatingAnalyst
18.08.2009Verizon Communications neues KurszielSanford C. Bernstein and Co., Inc.
06.01.2009Verizon Communications DowngradeSanford C. Bernstein and Co., Inc.
24.04.2007Verizon Communications underweightPrudential Financial
21.11.2006Verizon underweightPrudential Financial
21.11.2006Verizon Communications underweightPrudential Financial

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Verizon Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"