Verizon Communications Inc. (NYSE:VZ) stock is down 2.4% to trade at $41.92, after reporting first-quarter adjusted earnings of $1.19 per share on $33.49 billion in revenue -- both topping analyst estimates.
Verizon Communications Inc (NYSE:VZ, ETR:BAC) shares moved lower after the telecommunications firm posted a larger-than-expected drop in wireless subscribers. For Q1, Verizon saw a net loss of 289,000 retail postpaid phone subscribers, worse than a decline of 218,000 expected.
Verizon Communications reported a rise in first-quarter earnings but postpaid phone losses increased. Verizon said it is still on course to meet its yearly goals.
Verizon Communications (VZ) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.15 per share a year ago.
Verizon Communications (VZ) stock fell in premarket trading Tuesday after a wider-than-estimated drop in phone subscribers outweighed first-quarter results that topped analysts' expectations.
Shares are trouncing the broader market this year, with investors likely attracted to a chunky dividend payout.
Despite stiff competition and macro headwinds, Verizon's 5G expansion and customer-oriented strategies are major growth drivers.
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Verizon Communications' robust free cash flow and strong dividend yield make it a compelling investment, especially amidst recent market volatility. The acquisition of Frontier Communications enhances Verizon's growth in Fiber Broadband, aiming to increase fixed wireless locations and subscribers significantly by 2028. Verizon's stock offers better value compared to AT&T, with a lower profit multiple and higher dividend yield, despite slightly slower earnings growth.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Verizon (VZ), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
In the closing of the recent trading day, Verizon Communications (VZ) stood at $44.48, denoting a +0.41% change from the preceding trading day.
Verizon Communications Inc. is a defensive, dividend-focused stock, ideal for stability and income, not growth, with a 6.1% yield and consistent performance. The company outperformed in Q4 2024, meeting or exceeding targets, with strong broadband and wireless growth, and significant debt reduction. Despite cautious analyst forecasts for Q1 2025, Evercore ISI upgraded Verizon, citing underestimated broadband strategy and solid subscriber trends.