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OFFON

VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications : tops profit expectations in the third quarter

10/21/2020 | 08:48am EDT

NEW YORK (AP) — Verizon Communications Inc. on Wednesday reported third-quarter profit of $4.36 billion.

On a per-share basis, the New York-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, came to $1.25 per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The largest U.S. cellphone carrier posted revenue of $31.54 billion in the period, missing Street forecasts. Fifteen analysts surveyed by Zacks expected $31.57 billion.

Verizon shares have decreased roughly 7% since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 7%. The stock has declined nearly 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VZ at https://www.zacks.com/ap/VZ

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Analyst Recommendations on VERIZON COMMUNICATIONS
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Financials (USD)
Sales 2021 135 B - -
Net income 2021 21 815 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 10,3x
Yield 2021 4,66%
Capitalization 225 B 225 B -
EV / Sales 2021 2,73x
EV / Sales 2022 2,68x
Nbr of Employees 132 200
Free-Float 96,5%
Chart VERIZON COMMUNICATIONS
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Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | MarketScreener
Technical analysis trends VERIZON COMMUNICATIONS
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Last Close Price 54,37 $
Average target price 60,29 $
Spread / Average Target 10,9%
EPS Revisions
Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
Sector and Competitors