Verizon’s Upcoming Earnings Report: What Investors Need to Know
Verizon, one of the largest telecommunications companies in the United States, is set to release its latest earnings report this Monday. Investors and analysts alike are closely watching the results, as they could have a significant impact on the company’s stock performance.
In the previous quarter, Verizon met revenue expectations, reporting $33.49 billion in sales, which marked a 1.5% increase compared to the same period last year. The company also exceeded earnings per share (EPS) estimates, although the overall performance was mixed. One positive development was the addition of 1.19 million new customers, bringing the total customer base to 146 million.
As the market prepares for this week’s report, many are asking whether Verizon is a good investment opportunity. Analysts are forecasting that the company will see a 2.8% year-over-year increase in revenue, reaching $33.72 billion. This would represent an improvement from the flat growth recorded in the same quarter last year. Adjusted earnings are expected to be around $1.19 per share.
However, there are signs of growing concern among analysts. In the past 30 days, there have been 10 downward revisions to revenue estimates, with 15 analysts currently covering the company. Over the past two years, Verizon has missed Wall Street’s revenue forecasts on five separate occasions, raising questions about its ability to consistently meet expectations.
Looking at the broader market, some of Verizon’s peers in the consumer discretionary sector have already released their second-quarter results, offering a glimpse into potential trends. For example, Levi’s reported a 6.4% increase in year-on-year revenue, surpassing analyst expectations by 5.8%. Meanwhile, Nike experienced a 12% decline in revenue but still managed to beat estimates by 3.4%. Both stocks saw strong gains following their reports—Levi’s rose 11.1%, while Nike climbed 15.2%.
Investor sentiment in the consumer discretionary space has been largely positive, with average stock price increases of 10.5% over the past month. However, Verizon has underperformed, declining by 1.9% during the same period. The company currently trades at $40.90, below the average analyst price target of $48.45.
For investors interested in long-term growth, the focus is shifting toward enterprise software companies that are leveraging artificial intelligence and automation. These firms may represent the next generation of high-growth opportunities, much like how Microsoft and Apple dominated the technology landscape decades ago.
One such company is highlighted in a special free report that explores a fast-growing enterprise software stock already benefiting from automation trends and poised to capitalize on the rise of generative AI. This could be a valuable resource for those looking to identify future winners in the tech sector.
In addition to its financial updates, Verizon is also expanding its team. The company is actively hiring for equity analyst and marketing roles, seeking individuals who are passionate about the markets and artificial intelligence. Those interested in joining the team can explore open positions through the company’s career page.