Adding to an already impressive run in recent months, shares of telecommunications company Verizon (VZ 6.70%) jumped on Tuesday, following the company's strong fourth-quarter report. That brought the stock's total return since mid-October of last year to more than 35%.Does the stock's big run make it overvalued, or is there still a chance for investors to buy shares and potentially benefit from even more upside? Surprisingly, the stock still appears pretty attractive at this level.Strong fourth-quarter resu ...

How you think about Verizon Communications (VZ 6.70%) could depend on whether you see the proverbial glass of water as half-empty or half-full. For example, some will note that the telecom stock has lagged well behind the S&P 500 over the last 12 months. Others, however, will rightly point out that Verizon has trounced the market over the previous three- and six-month periods.The difference in views could also surface with the company's fourth-quarter results, announced on Tuesday. Verizon just delivered pl ...

David Ramos Thesis In my previous analysis of Verizon Communications, Inc. (NYSE:VZ), I assigned a "sell" rating despite my models indicating a fair price of $40.4. This rating was primarily influenced by concerns related to the company's substantial debt. In this follow-up article, I will increase the rating to "hold", highlighting the persistent challenges tied to Verizon's financial obligations, nevertheless, investors' willing to go into it and therefore pushing momentum. Upon reevaluating the compa ...

IRVING, Texas, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Today, Irving, Texas Mayor Rick Stopfer announced Verizon as the recipient of the Mayor's Corporate Award of Excellence at the 2024 State of the City hosted by the Greater Irving-Las Colinas Chamber of Commerce. The Mayor's Corporate Award of Excellence recognizes a company, organization or individual that exemplifies excellence in the work it does, the services it offers, the contributions it makes to the community and the commitment it provides to the city ...

Verizon (VZ 5.99%) stock is making big gains Tuesday following the publication of its fourth-quarter earnings report. The company's share price was up 5.8% as of 2:15 p.m. ET, according to data from S&P Global Market Intelligence.Verizon posted non-GAAP (adjusted) earnings per share of $1.08 on revenue of $35.1 billion. Earnings for the period were in line with Wall Street's expectations, but the 0.6% sales decline that the business posted was less than expected. The telecom giant beat the average analyst s ...

Verizon Communications Inc. (NYSE:VZ) Q4 2023 Earnings Conference Call January 23, 2024 8:30 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman and Chief Executive Officer Tony Skiadas - Chief Financial Officer Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Phil Cusick - JPMorgan Michael Rollins - Citi Frank Louthan - Raymond James David Barden - Bank of America Craig Moffett - MoffettNathanson Kannan Venkateshwar - B ...

Shares of telecommunications giant Verizon (VZ 5.50%) jumped 5.7% through 11:30 a.m. ET after meeting analyst forecasts for Q4 earnings and beating on sales Tuesday morning.Heading into its fourth and final quarterly report for 2023, Wall Street had forecast that Verizon would earn $1.08 per share (adjusted for one-time items) on sales of $34.6 billion. Verizon hit the earnings number on the nose and edged out sales projections, delivering $35.1 billion in sales for the quarter. Verizon sales and earningsBu ...

Verizon Communications Inc. (VZ) reported healthy fourth-quarter 2023 results with the top and bottom lines beating the respective Zacks Consensus Estimate. The telecom giant is witnessing significant 5G adoption and wireless traction. Strong demand for fixed wireless products also led to healthy broadband performance with total broadband net additions of 413,000, including 375,000 fixed wireless net additions.Verizon witnessed solid momentum in the wireless business with 449,000 total postpaid phone net ad ...

For the quarter ended December 2023, Verizon Communications (VZ) reported revenue of $35.13 billion, down 0.3% over the same period last year. EPS came in at $1.08, compared to $1.19 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $34.82 billion, representing a surprise of +0.90%. The company delivered an EPS surprise of +0.93%, with the consensus EPS estimate being $1.07.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Key TakeawaysVerizon swung to a loss of $2.57 billion or 64 cents a diluted share in the fourth quarter of 2023.The company's earnings were dragged down by a $7.8 billion loss on account of special items.Revenue of $35.1 billion was better than expected, but lower compared to $35.25 billion for the same period last year.Verizon's (VZ) fourth quarter earnings were dragged into the red due to a $7.8 billion loss on special items despite posting better-than-expected revenue. The company's shares were up a litt ...