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published in Blogs
Oct 22, 2022

Verizon (VZ, $35.33) beats Q3 earnings expectations

Verizon posted adjusted earnings fell to $1.32 a share, from $1.42 a share a year ago. Nevertheless, the figure is well above the FactSet consensus of $1.29 a share.

Revenue for the quarter came in at $34.2 billion, compared to $32.9 billion in the year-ago quarter.  Analysts had expected $33.8 billion.

The telecom company experienced a net loss of 189,000 consumer wireless retail postpaid phone subscribers during the third quarter. However, it had 8,000 overall postpaid phone net additions after including business customers. Additionally, it experienced  342,000 fixed wireless-access net additions in the quarter.

While CFO Matt Ellis cautioned  that Verizon anticipates some “disconnect pressure” in the fourth quarter amidst price increases, he also expects positive consumer phone net additions in that quarter.

Related Ticker: VZ

VZ in downward trend: price may drop because broke its higher Bollinger Band on January 25, 2024

VZ broke above its upper Bollinger Band on January 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 33 similar instances where the stock broke above the upper band. In of the 33 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for VZ moved out of overbought territory on February 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for VZ turned negative on February 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where VZ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on February 21, 2024. You may want to consider a long position or call options on VZ as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VZ advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 200 cases where VZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.870) is normal, around the industry mean (5.325). P/E Ratio (14.945) is within average values for comparable stocks, (106.930). Projected Growth (PEG Ratio) (1.131) is also within normal values, averaging (9.624). Dividend Yield (0.064) settles around the average of (0.085) among similar stocks. P/S Ratio (1.293) is also within normal values, averaging (71.075).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. VZ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. VZ’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.

Notable companies

The most notable companies in this group are Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 15.1B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 5%. ATEX experienced the highest price growth at 26%, while ARTM experienced the biggest fall at -59%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -18%. For the same stocks of the Industry, the average monthly volume growth was -31% and the average quarterly volume growth was 23%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 58
Price Growth Rating: 52
SMR Rating: 67
Profit Risk Rating: 79
Seasonality Score: -33 (-100 ... +100)
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VZDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of wired and wireless telecommunication services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Major Telecommunications
Address
1095 Avenue of the Americas
Phone
+1 212 395-1000
Employees
105400
Web
https://www.verizon.com
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VZ and

Correlation & Price change

A.I.dvisor indicates that over the last year, VZ has been closely correlated with T. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if VZ jumps, then T could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To VZ
1D Price
Change %
VZ100%
+1.48%
T - VZ
74%
Closely correlated
+0.53%
FYBR - VZ
40%
Loosely correlated
-0.14%
TU - VZ
39%
Loosely correlated
+0.22%
TMUS - VZ
38%
Loosely correlated
+1.24%
BCE - VZ
38%
Loosely correlated
+0.11%
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