Verizon Communications Inc. (NYSE:VZ) is set to announce second quarter earning results on Friday 24th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, VZ to report 2Q20 income of $ 1.15 per share.
For the full year, analysts anticipate top line of $ 127686.00 million, while looking forward to income of $ 4.75 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.71 ~ $ 4.91 per share
Click Here For More Historical Outlooks Of Verizon Communications Inc.
Previous Quarter Performance
Verizon Communications Inc. posted income for the first quarter of $ 1.26 per share, from the revenue of $ 31,610.00 million. The quarterly earnings swell 5.00 percent while revenues contracted 1.61 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.23 per share from $ 32402.40 million in revenue. The bottom line results beat street analysts by $ 0.03 or 2.44 percent, at the same time, top line results fell short of analysts by $ 792.4 million or 2.45 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Verizon Communications Inc.
Stock Performance
According to the previous trading day, closing price of VZ was $ 55.85, representing a 14.35 % increase from the 52 week low of $ 48.84 and a 10.24 % decrease over the 52 week high of $ 62.22.
The company has a market capital of $ 231.11 billion and is part of the Communication Services sector and Telecom Services industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.615 per share on June 4, 2020. The dividend were payable on August 3, 2020 to holders of record as of the close of business on July 10, 2020 and ex-dividend date on July 9, 2020.
Conference Call
Verizon Communications Inc. will be hosting a conference call at 8:30 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.verizon.com
Verizon Communications Inc., through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The companys Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms. This segment also provides wireless devices, including smartphones and basic phones, wearables, and tablets and other Internet access devices.
