Verizon Communications (VZ) Declines More Than Market: Some Information for Investors

Company Performance - Verizon Communications (VZ) closed at $49.55, reflecting a -1.92% change from the previous day's closing price, underperforming the S&P 500, which lost 1.36% [1] - Over the past month, Verizon's shares gained 3.25%, outperforming the Computer and Technology sector's loss of 0.24% and the S&P 500's loss of 1.76% [2] Financial Projections - Upcoming EPS for Verizon is projected at $1.23, indicating a 3.36% increase year-over-year, while revenue is expected to reach $34.75 billion, a 3.79% increase compared to the same quarter last year [3] - For the annual period, earnings are anticipated at $4.91 per share and revenue at $143.23 billion, reflecting increases of +4.25% and +3.64% respectively from the previous year [4] Analyst Estimates and Valuation - Recent changes in analyst estimates for Verizon suggest positive sentiment regarding the company's business and profitability [4] - Verizon currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [6] - The company is trading at a Forward P/E ratio of 10.28, which is lower than the industry's Forward P/E of 12.17, and has a PEG ratio of 2.13 compared to the industry average of 1.76 [7] Industry Context - The Wireless National industry, part of the Computer and Technology sector, ranks in the bottom 19% of all industries according to the Zacks Industry Rank [8]