Verizon Communications Inc reports results for the quarter ended March 31 - Earnings Summary

• Verizon Communications Inc VZ.N reported quarterly adjusted earnings of $1.19​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.15. The mean expectation of nineteen analysts for the quarter was for earnings of $1.15 per share. Wall Street expected results to range from $1.11 to $1.17 per share.

• Revenue rose 1.5% to $33.49 billion from a year ago; analysts expected $33.24 billion.

• Verizon Communications Inc's reported EPS for the quarter was $1.15​.

• The company reported quarterly net income of $4.88 billion.

• Verizon Communications Inc shares had fallen by 5.4% this quarter and gained 7.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy," 15 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "hold"

• Wall Street's median 12-month price target for Verizon Communications Inc is $47.00

This summary was machine generated from LSEG data April 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)