Verizon chairman and CEO Hans Vestberg discusses the company's performance on 'The Claman Countdown.'
Goldman Sachs analyst James Schneider maintained a Buy rating on Verizon Communications Inc VZ with a price target of $52.
Verizon came up short on the top line in its earnings report.
Verizon Communications Inc. reported a somewhat mixed quarter, but the initial share price reaction suggests that the market was expecting more. Despite strong net additions in mobility, weak wireless retail postpaid performance and stagnant ARPA growth raise concerns. The quarter also shed some light on the company's recent decision to acquire Frontier Communications and why skepticism around the deal could be justified.
Verizon Communications Inc (NYSE:VZ, ETR:BAC) posted a revenue miss for the third quarter, sending its shares lower. Revenue for the period was $33.33 billion, shy of the $33.42 billion expected.
Verizon Communications Inc. (NYSE:VZ ) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman & Chief Executive Officer Joe Russo - Executive Vice President & President, Global Networks & Technology Sowmyanarayan Sampath - Executive Vice President & Chief Executive Officer, Verizon Consumer Group Tony Skiadas - Executive Vice President & Chief Financial Officer Kyle Malady - Executive Vice President & Chief Executive Officer, Verizon Business Group Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS Dave Barden - Bank of America Peter Supino - Wolfe Research Jim Schneider - Goldman Sachs Sebastiano Petti - JPMorgan Brandon Nispel - KeyBanc Mike Rollins - Citi Frank Louthan - Raymond James Tim Horan - Oppenheimer Walt Piecyk - LightShed Laurent Yoon - Bernstein Brady Connor Good morning. Hello, everybody.
Verizon NYSE: VZ is a total package for investors interested in stress-free total returns. The stock trades at a deep value relative to its historical average and the S&P 500; it pays more than 6% in yield and trades with a beta of nearly 0.5x.
Although the revenue and EPS for Verizon (VZ) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Healthy wireless traction helped Verizon to beat third-quarter 2024 earnings estimate.
Verizon (VZ) reported third-quarter results below analysts' expectations Tuesday morning, despite continuing to add wireless phone and internet subscribers.
Verizon Communications (VZ) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.22 per share a year ago.
CNBC's Joe Kernen reports on the company's quarterly earnings results.