Verizon Communications IncVerizon missed revenue expectations last quarter and revenue growth is expected to slow further this quarter, with shares down 5.2% over the last month.
Verizon will report earnings this Friday before the bell. The telecommunications giant missed revenue expectations last quarter, posting $34.44 billion, up 2.9% year on year, but beat earnings per share estimates. For this quarter, analysts expect revenue growth of 2.3% year on year, a slowdown from the 5.2% increase in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days, and Verizon has missed Wall Street revenue estimates multiple times over the last two years. Among peers, AT&T reported 2.3% revenue growth, missing expectations by 0.6%, while AMC Entertainment posted a 14.2% increase, topping estimates by 8.7%. Verizon shares are down 5.2% over the last month, heading into earnings with an average analyst price target of $51.12 compared to the current share price of $44.30.
Verizon Communications IncVerizon missed revenue expectations last quarter and revenue growth is expected to slow further this quarter, with shares down 5.2% over the last month.
AT&T Inc.AT&T reported 2.3% revenue growth, missing expectations by 0.6%, mentioned as a peer with similar underperformance.
AMC Entertainment Holdings Inc