Why Verizon (VZ) is Poised to Beat Earnings Estimates Again

Group 1 - Verizon Communications is a leading U.S. cellphone carrier with a strong track record of exceeding earnings estimates, particularly in the last two quarters, achieving an average surprise of 0.88% [1] - For the last reported quarter, Verizon's earnings were $1.10 per share, surpassing the Zacks Consensus Estimate of$1.09 per share, resulting in a surprise of 0.92% [2] - In the previous quarter, Verizon reported earnings of $1.19 per share against an expected$1.18 per share, delivering a surprise of 0.85% [2] Group 2 - Recent favorable changes in earnings estimates for Verizon indicate a positive Earnings ESP of +0.98%, suggesting analysts are optimistic about the company's earnings prospects [4][7] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [5][7] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide a more accurate prediction [6]