Preview: Verizon Communications's Earnings
Portfolio Pulse from Benzinga Insights
Verizon Communications (NYSE:VZ) is expected to release its quarterly earnings report on January 23, 2024, with an estimated EPS of $1.08. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Verizon's stock price has shown mixed reactions to earnings reports, with a slight drop following the last quarter's beat. Shares are currently trading at $39.33, down 1.99% over the past year, indicating a bearish sentiment among long-term shareholders.
January 22, 2024 | 4:00 pm
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Verizon is anticipated to report an EPS of $1.08 in its upcoming earnings, with investors focusing on guidance. Past earnings have led to mixed stock reactions, and shares are down 1.99% over the last year.
Verizon's stock price has historically had a mixed response to earnings reports, indicating that while the upcoming report is important, it may not have a predictable impact on the stock price. The current bearish sentiment may temper any positive reaction to an earnings beat, while negative guidance could exacerbate the downward trend.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100