The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Verizon Communications's revenues will increase 4.5% and EPS will increase 14.1%.
The average estimate for revenue is $29.82 billion. On the bottom line, the average EPS estimate is $0.73.
Last quarter, Verizon Communications logged revenue of $29.42 billion. GAAP reported sales were 4.2% higher than the prior-year quarter's $28.24 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.68. GAAP EPS of $0.68 for Q1 were 15% higher than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.8%, 290 basis points better than the prior-year quarter. Operating margin was 21.1%, 270 basis points better than the prior-year quarter. Net margin was 6.6%, 60 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $120.58 billion. The average EPS estimate is $2.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,631 members out of 4,931 rating the stock outperform, and 300 members rating it underperform. Among 1,079 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,036 give Verizon Communications a green thumbs-up, and 43 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Verizon Communications is outperform, with an average price target of $48.42.
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