Verizon Communications Inc (NYSE: VZ) has reported E.P.S. of $1.09 for its second fiscal quarter (ending June 30) versus $1.10 for the same period a year ago — a decline of -1%. Relative to the consensus estimate of $1.15, this was a shortfall of $-0.06. For the latest four quarters through June 30, E.P.S. were $2.67 compared to $5.00 a year ago — a decline of -47%.
Recent Price Action
Verizon Communications Inc (NYSE: VZ) stock closed at $39.09 on 7/22/24 after a large decline of -6.1%. Moreover, exceptionally high trading volume at 318% of normal accompanied the decline. The stock has declined -5.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
VZ’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Verizon Communications has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Verizon Communications has a neutral Power Rating of 58 but a good Appreciation Score of 75, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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