Is It Time to Buy Verizon Communications Stock?
Verizon Communications (NYSE: VZ) may have the best wireless network, with the company awarded J.D. Power Awards for Wireless Network Quality across all six regions of the U.S. this year. Unfortunately, that's not translating into subscriber gains.
Verizon's second-quarter report on Tuesday was a mixed bag. Revenue of $32.6 billion dropped 3.6% year over year and fell short of analyst estimates, while adjusted earnings per share of $1.21 edged out expectations. Verizon maintained its full-year guidance, which calls for wireless service revenue growth between 2.5% and 4.5%. The company expects to generate adjusted EPS between $4.55 and $4.85, down from $5.18 in 2022.
Like Verizon's headline results, the company's subscriber metrics were a mixed bag. The consumer side of the business struggled with subscriber losses, while business and broadband performed better.
Source Fool.com
Verizon Communications Inc. Stock
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 43 € there is a slightly positive potential of 7.26% for Verizon Communications Inc. compared to the current price of 40.09 €.
