Top Wall Street Forecasters Revamp Verizon Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their expectations for Verizon Communications Inc. (NYSE: VZ) ahead of its Q2 earnings release on July 22. Analysts predict a decrease in earnings per share from $1.21 to $1.15 year-over-year, while revenue is expected to increase slightly. Verizon is also considering selling thousands of mobile phone towers. Recent analyst ratings show mixed sentiments with price targets ranging from $40 to $52.
July 22, 2024 | 5:57 am
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Verizon Communications Inc. (NYSE: VZ) is set to release its Q2 earnings on July 22, with analysts expecting a decrease in EPS to $1.15 and a slight increase in revenue. The company is also considering selling thousands of mobile phone towers. Recent analyst ratings show mixed sentiments with price targets ranging from $40 to $52.
The mixed analyst ratings and the expected decrease in EPS suggest a neutral short-term impact on Verizon's stock price. The potential sale of mobile phone towers could be a significant move, but its impact is uncertain at this stage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100