Verizon Communications Inc. (VZ) to Release Quarter 3 Numbers

Friday, October 16, 2020 4:12 PM | Nick Dey

What's Happening with vz

Verizon Communications Inc. (VZ) is scheduled to report Quarter 3 numbers before the market open on October 21. Analysts forecast earnings of $0.81 per share for the quarter. During the same period last year the company earned $0.79, and the stock is down -5.4% on the year.

Technical Analysis

VZ was recently trading at $58.06 down $4.16 from its 12-month high and $9.22 above its 12-month low. InvestorsObserver gives VZ a 50 long-term technical score and a 98 short-term technical score. The stock has recent support above $58.05 and recent resistance below $60.17. Of the 14 analysts who cover the stock 7 rate it Strong Buy, 1 rate it Buy, 6 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, VZ gets an overall score of 64 from InvestorsObserver.

Analysts' Thoughts

VZ has shown annual earnings growth of 6.87% over the last five years, and looking ahead analysts expect the company to grow profits 1.64% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $1.24 EPS. VZ is currently trading at $58.06 with an average price target of $61.17.

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