Posted 12/28/2023, 10:45:19 PM
Verizon Stock Drops as Q4 Earnings Expected to Show Declining Revenue and EPS
- Verizon Communications (VZ) stock recently outperformed the market but has underperformed over the past month
- VZ is expected to report a 10.08% drop in Q4 2024 EPS and a 1.38% revenue decline when it reports earnings on January 23, 2024
- For the full 2024 year, analysts estimate a 9.46% EPS decline and a 2.36% revenue drop for VZ
- VZ currently trades at a forward P/E of 7.95, representing a discount vs. its industry average of 8.27
- The Wireless National industry ranks in the top 35% of Zacks' 250+ industries, suggesting it may outperform the broader market