Earnings Outlook for Verizon Communications

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On Wednesday, April 21, Verizon Communications VZ will release its latest earnings report. Decipher the announcement with Benzinga's help.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts expect Verizon Communications earnings of $1.29 per share. Revenue will likely be around $32.47 billion, according to the consensus estimate. Verizon Communications EPS in the same period a year ago totaled $1.26. Revenue was $31.61 billion.

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What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 2.38%. Sales would be up 2.72% from the year-ago period. Here is how the Verizon Communications's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020
EPS Estimate 1.17 1.22 1.15 1.23
EPS Actual 1.21 1.25 1.18 1.26
Revenue Estimate 34.43 B 31.59 B 29.93 B 32.44 B
Revenue Actual 34.69 B 31.54 B 30.40 B 31.61 B

Stock Performance

Shares of Verizon Communications were trading at $58.38 as of April 19. Over the last 52-week period, shares are down 0.02%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Verizon Communications is scheduled to hold the call at 08:30:00 ET and can be accessed here.

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Posted In: EarningsBZI-EP
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