New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 18, 2012
11:14 EDTVZEarnings Preview: Verizon shares flat ahead of Q1 report
Verizon Communications (VZ) is expected to report Q1 earnings before the market open on Thursday, April 19, with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of 58c on revenue of $28.17B. The consensus range is 56c-60c for EPS, and revenue of $27.87B-$28.55B, according to First Call. Verizon reported mixed Q4 results, narrowly missing adjusted EPS, but beating revenue estimates. On its Q4 conference call, the companyís CFO, Francis Shammo, said there was "tremendous confidence" in long term growth prospects and wireline margin expansion in 2012. He added that for FY12, $2.20 was a "logical starting point" for EPS estimates. Current consensus is $2.47. The shares have traded in a narrow range since Q4 results were released in late January. They briefly approached their 52-week high of $40.48 in late March, but have fallen approximately 7% since then. Since hitting a 52-week low of $32.28 in August of last year, the shares are up approximately 17%, and currently sit near two-year highs. With so much good news discounted in the shares, investors will need exceptional results to justify further commitments.
News For VZ From The Last 14 Days
Check below for free stories on VZ the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent VZ news | >>
July 24, 2014
07:46 EDTVZWells Fargo to hold a symposium
2014 Small Cell Symposium to be held in New York on July 24.
07:15 EDTVZVerizon upgraded to Outperform from Market Perform at FBR Capital
Subscribe for More Information
July 23, 2014
08:41 EDTVZNQ Mobile and A Wireless partner for device security solution
NQ Mobile (NQ) and A Wireless, one of the largest Verizon (VZ) Wireless Premium Retailers, announced the availability of a comprehensive, bundled security solution that ensures the safety of subscribers' devices and the valuable data they hold. The solution is available at over 200 A Wireless stores across the US. The new package combines physical device insurance with NQ Mobile's security protection for both iOS and Android.
08:40 EDTVZVerizon reported good results, says BMO Capital
Subscribe for More Information
July 22, 2014
16:36 EDTVZOn The Fly: Closing Wrap
Subscribe for More Information
12:29 EDTVZOn The Fly: Midday Wrap
Subscribe for More Information
07:25 EDTVZVerizon down 1.4% after reporting Q2 results
06:37 EDTVZVerizon backs FY14 investments of $16.5B-$17B
Verizon continues to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline.
06:35 EDTVZVerizon reports Q2 adjusted EPS 91c, consensus 90c
Subscribe for More Information
July 21, 2014
15:30 EDTVZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
14:30 EDTVZEarnings Preview: Verizon CEO says 1.4M postpaid subscribers added in Q2
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 22, with a conference call scheduled for 7:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $31.12B, according to First Call. The consensus range for EPS is 86c-93c on revenue of $30.84B-$31.35B. LAST QUARTER: Verizon reported first quarter adjusted EPS of 84c against estimates for 87c on revenue of $30.8B against estimates for $30.7B. For Q1, the company reported adding 549,000 net retail connections, including 539,000 net retail postpaid connections. It reported retail postpaid churn of 1.07%, 103.3M total retail connections, and 97.3M total retail postpaid connections. Consumer ARPU was up 11.3% year over year. It reported 98,000 FiOS Internet and 57,000 FiOS Video net additions in the quarter. Verizon said it continued to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline. On July 10, during an interview on CNBC, CEO Lowell McAdam said the company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. McAdam added that Q2 churn was "very good" with margins consistent with the past several quarters. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q2 earnings report. On May 22, Verizon was initiated with an Outperform at Bernstein with a price target of $57. On July 1, Verizon was initiated with a Buy at BTIG and a price target of $60. On July 18, Oppenheimer added Verizon to its Triple Play list. The firm said its Triple Play stocks are rated Outperform, screen positively based on trends in earnings revisions, and have an attractive technical profile. PRICE ACTION: Verizon shares have gained approximately 10% following the company's Q1 report. However, over the past twelve months, they are up only about 1%. In afternoon trading ahead of Tuesday's Q2 report, Verizonís shares are flat.
12:56 EDTVZVerizon launches rewards program for wireless customers
Subscribe for More Information
09:38 EDTVZActive equity options trading on open
Subscribe for More Information
July 18, 2014
15:42 EDTVZVerizon July weekly volatility elevated into Q2
Subscribe for More Information
08:38 EDTVZVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
05:57 EDTVZLevel 3 says Verizon 'deliberately' causing Netflix congestion
Subscribe for More Information
July 17, 2014
11:01 EDTVZVerizon Wireless, ControlTec announce partnership
Subscribe for More Information
July 16, 2014
14:03 EDTVZNetflix submits FCC comments on proposed Net Neutrality rules
Subscribe for More Information
13:05 EDTVZVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
Subscribe for More Information
12:42 EDTVZTime Warner said to see Verizon,Comcast, AT&T as logical bidders, Bloomberg says
Subscribe for More Information
1 | 2 | all recent VZ news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use