Verizon Communications (VZ) closed at $54.32 within the newest buying and selling session, marking a +0.02% transfer from the prior day. The inventory outpaced the S&P 500’s every day lack of 5.18%. On the identical time, the Dow misplaced 6.3%, and the tech-heavy Nasdaq misplaced 4.7%.
Heading into immediately, shares of the biggest U.S. cellphone provider had misplaced 6.22% over the previous month, outpacing the Laptop and Expertise sector’s lack of 24.96% and the S&P 500’s lack of 24.68% in that point.
Wall Road will probably be in search of positivity from VZ because it approaches its subsequent earnings report date. That is anticipated to be April 24, 2020. The corporate is anticipated to report EPS of $1.23, up 2.5% from the prior-year quarter. In the meantime, our newest consensus estimate is asking for income of $32.59 billion, up 1.44% from the prior-year quarter.
For the complete 12 months, our Zacks Consensus Estimates are projecting earnings of $4.95 per share and income of $134.93 billion, which might signify modifications of +2.91% and +2.33%, respectively, from the prior 12 months.
…