Verizon Communications (VZ): Earnings Whisper?

Verizon Communications Inc. (VZ) is set to release its second-quarter 2015 results before the open of the trading session on Tuesday, July 21. Checking in on the numbers, the consensus is expecting a profit of $1.00 per share from Verizon, up from $0.91 in the same quarter last year. Revenue is seen increasing 3% from $31.50 billion to $32.46 billion. Meanwhile, ticker’s earnings whisper number calls for EPS of $1.02 on revenue of $32.45 billion.

As a quick reminder, Verizon reported 1Q/15 EPS of $1.02, $0.07 better than the Street’s consensus estimate of $0.95. Revs came in at $32 billion versus the $32.3 billion consensus.

Verizon Communications Inc. shares are currently priced at 20.16x this year’s forecasted earnings compared to the industry’s 23.59x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.16 and 12.10, respectively. Price/Sales for the same period is 1.51 while EPS is $2.38. Currently there are 13 analysts that rate VZ a ‘Buy’, 15 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. VZ has a median Wall Street price target of $51.00 with a high target of $60.00.

In the past 52 weeks, shares of the New York-based company have traded between a low of $45.09 and a high of $53.66 and are now at $48.03. Shares are down 0.99% year-over-year ; up 5.32% year-to-date.

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