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BullDigest's May 9 Post-Market Summary of Verizon Communications Inc.

  • 09.05.2025 22:12
  • bulldigest.com
  • Keywords: Post-Market, Summary, Verizon Communications Inc.

Check out BullDigest's May 9 Post-Market Summary of Verizon Communications Inc.. We provide a summary of the key news from market opening hours.

Post-Market SummaryVZsentiment_satisfied

Estimated market influence

Verizon Communications Inc.

Verizon Communications Inc.

Positivesentiment_satisfied
Analyst rating: Buy

Verizon's CEO is speaking at a major conference, indicating positive investor relations. The company has also been cleared of a whistleblower lawsuit, which is a positive legal development. Additionally, Zacks.com reports on Verizon with specific financial metrics and stock analysis, showing investor interest. Verizon's financial performance in the last quarter was strong, beating estimates, which reflects positively on their market position.

Context

Business Insights and Market Implications Summary

Verizon News & Events

  • Verizon CEO Hans Vestberg will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 14, 2024, at 8:00 AM ET. The remarks will be webcast and accessible via Verizon's Investor Relations website.

Legal Developments

  • A federal court dismissed a whistleblower lawsuit against Verizon, which alleged fraudulent billing to the U.S. government for defective mobile hotspot devices during the COVID-19 pandemic. The court ruled that the whistleblower failed to specify a material misrepresentation, giving the plaintiff 21 days to amend the complaint.

Investor Analysis (Zacks)

  • Verizon (VZ) is currently a heavily searched stock on Zacks.com.
  • Q1 EPS: $1.19 (up 3.5% YoY), with a -1.2% revision in the last 30 days.
  • FY 2024 EPS: $4.69 (up 2.2% YoY, -0.1% revision).
  • Q1 Revenue: $33.49 billion (up 2.1% YoY), with a -1.7% revenue revision for FY 2024.
  • FY 2025 EPS: $4.86 (up 3.7% YoY, +0.1% revision).
  • Q1 Revenue Projection: $33.49 billion (up 1.5% YoY).
  • Zacks Rank: #3 (Hold).
  • Value Style Score: B, indicating Verizon trades at a discount compared to peers.

Company Overview

  • Verizon Communications Inc. (NYSE, Nasdaq: VZ) is a leading global technology and communications services provider headquartered in New York City.
  • 2023 Revenues: $134.0 billion.

Corporate Commitment

  • Verizon reaffirmed its commitment to keeping communities connected amid growing threats of severe weather events, including hurricanes, wildfires, and tornadoes.