Verizon Communications Inc. (NYSE:VZ) is reporting third quarter financial results on Wednesday 21st October 2020, before market open.
According to analysts surveyed by Thomson Reuters, VZ is expected to report 3Q20 income of $ 1.22 per share from revenue of $ 31591.00 million.
For the full year, analysts anticipate top line of $ 127958.00 million, while looking forward to income of $ 4.77 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.71 ~ $ 4.91 per share
Click Here For More Historical Outlooks Of Verizon Communications Inc.
Previous Quarter Performance
Verizon Communications Inc. disclosed income for the second quarter of $ 1.18 per share, from the revenue of $ 30,400.00 million. The quarterly earnings reduced 4.07 percent while revenues decreased 5.21 percent compared with the same quarter last year.
According to street consensus, VZ was expected to report 2Q20 income of $ 1.15 per share from revenue of $ 29933.00 million. The bottom line results beat street analysts by $ 0.03 or 2.61 percent, at the same time, top line results outshined analysts by $ 467.00 million or 1.56 percent.
Stock Performance
Shares of Verizon Communications Inc. traded low $ -0.07 or -0.12 percent on Tuesday, reaching $ 57.23 with volume of 14.30 million shares. Verizon Communications Inc. has traded high as $ 57.83 and has cracked $ 56.76 on the downward trend
The closing price of $ 57.23, representing a 17.32 % increase from the 52 week low of $ 48.84 and a 7.91 % decrease over the 52 week high of $ 62.22.
The company has a market capital of $ 236.82 billion and is part of the Communication Services sector and Telecom Services industry.
Recent Analyst recommendations
- On 8th September 2020, upgraded by Argus to Buy from Hold rating.
Conference Call
Verizon Communications Inc. will be hosting a conference call at 8:30 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.verizon.com
Verizon Communications Inc., through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The companys Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms. This segment also provides wireless devices, including smartphones and basic phones, wearables, and tablets and other Internet access devices.
