Verizon Stock Drops Despite Recent Gains; Q4 Earnings and FY Outlook Below Last Year
• Verizon (VZ) stock dropped 1.52% despite market gains; performs behind S&P 500, Dow, and Nasdaq • VZ stock has risen 7.11% in past month, leading sector and market • VZ expected to report EPS of $1.08 on Jan 23, down 9.24% year-over-year • For fiscal year, EPS estimate of $4.70 (down 9.27%) and revenue estimate of $133.56B (down 2.39%) • VZ given Zacks Rank #3 (Hold) and has Forward P/E ratio of 8.13 compared to industry average of 8.63