Verizon Communications Inc. (NYSE:VZ) on Monday reported mixed results for the third quarter.
The company reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.27 per share. The company reported quarterly sales of $34.313 billion which missed the analyst consensus estimate of $34.744 billion.
Verizon also raised its FY2026 adjusted EPS guidance from $4.99-$5.04 to $5.04-$5.06.
“Verizon delivered another record-breaking quarter. One year into our transformation, Verizon is fundamentally stronger — operationally, financially, and competitively,” said Dan Schulman, Verizon CEO. “By prioritizing customer-first offerings like Simplicity and our expanded loyalty program over heavy subsidies, we are winning loyal, high-value customers while expanding margins, reducing churn, and generating strong sustained cash flow. At the same time, technology leaders are choosing our fiber network to power the next generation of AI infrastructure. We are continuing to raise the bar and we are only one year into a multi-year growth story.”
Verizon shares gained 0.5% to trade at $43.33 on Tuesday.
These analysts made changes to their price targets on Verizon following earnings announcement.
- Morgan Stanley analyst Benjamin Swinburne maintained the stock with an Equal-Weight rating and lowered the price target from $52 to $50.
- Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight rating and cut the price target from $46 to $44.
Considering buying VZ stock? Here’s what analysts think:
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