Wall Street's Insights Into Key Metrics Ahead of Verizon (VZ) Q3 Earnings

Core Viewpoint - Analysts forecast Verizon Communications (VZ) to report quarterly earnings of $1.19 per share, indicating no change from the previous year, with anticipated revenues of $34.18 billion, reflecting a 2.5% increase year-over-year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.2% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts project 'Operating revenues- Consumer' to reach $26.22 billion, a 3.4% increase from the year-ago quarter [5]. - 'Operating revenues- Business- Enterprise and Public Sector' is expected to be $3.42 billion, reflecting a decrease of 3.3% year-over-year [5]. - 'Operating revenues- Business- Business Markets and Other' is forecasted at $3.36 billion, suggesting a 3% year-over-year increase [6]. Subscriber Additions - 'Consumer - Wireline - Net subscribers additions - Broadband' are expected to reach 36.36 thousand, up from 26.00 thousand in the previous year [7]. - 'Consumer - Wireline - Net subscribers additions - Fios Internet' is projected at 49.29 thousand, compared to 39.00 thousand in the same quarter last year [7]. - 'Business - Fios video connections' is estimated to reach 50.13 thousand, down from 56.00 thousand in the previous year [8]. Connection Estimates - 'Business - Wireless retail postpaid connections' is expected to reach 31.26 million, an increase from 30.53 million in the same quarter last year [9]. - 'Consumer - Wireless - Net subscribers additions - Retail postpaid phones' is projected at -33.69 thousand, a decline from 81.00 thousand in the previous year [9]. - 'Consumer - Fios Internet connections' is estimated at 7.24 million, slightly up from 7.09 million in the same quarter last year [10]. Market Performance - Verizon shares have decreased by 11.4% over the past month, contrasting with a 1.3% increase in the Zacks S&P 500 composite, indicating an expected underperformance in the near future [11].