Verizon (VZ, $51.76) beats Q1 earnings expectations
Verizon Communications posted first quarter earnings that beat expectations. However, the telecom company lowered its full-year forecast for wireless revenues and profit growth.
The company’s adjusted non-GAAP earnings for the three months ending in March grew +3% from the year-ago quarter to $1.35 per share, largely in-line with analysts’ expectations.
Revenues rose +2.1% from last year to $33.6 billion, just ahead of analysts' estimates of $33.55 billion.
Looking ahead, Verizon expects 2022 financial year adjusted earnings to come in at the lower end of its prior forecast of a 2% to 3% growth rate. It projects revenues growth at the lower end of its 9% to 10% forecast.
VZ's RSI Oscillator ascending out of oversold territory
The RSI Indicator for VZ moved out of oversold territory on May 04, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In 18 of the 28 cases the stock moved higher. This puts the odds of a move higher at 64%.
Current price $49.08 crossed the support line at $47.22 and is trading between $50.31 support and $47.22 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -9% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +0.95% Uptrend.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on VZ as a result. In 45 of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 47%.
The Moving Average Convergence Divergence (MACD) for VZ just turned positive on May 13, 2022. Looking at past instances where VZ's MACD turned positive, the stock continued to rise in 24 of 55 cases over the following month. The odds of a continued upward trend are 44%.
Following a +2.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where VZ advanced for three days, in 139 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 43%.
VZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 71 of 230 cases where VZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 31%.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
VZ moved below its 50-day Moving Average on April 22, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for VZ crossed bearishly below the 50-day moving average on April 28, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 7 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 37%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 35%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 67%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.56.
The Tickeron Valuation Rating of 19 (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 (2.415) is normal, around the industry mean (3.973). P/E Ratio (9.372) is within average values for comparable stocks, (163.739). Projected Growth (PEG Ratio) (4.417) is also within normal values, averaging (5.290). Dividend Yield (0.053) settles around the average of (0.054) among similar stocks. P/S Ratio (1.494) is also within normal values, averaging (8.814).
The Tickeron Profit vs. Risk Rating rating for this company is 24 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
The Tickeron SMR rating for this company is 30 (best 1 - 100 worst), indicating very 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 PE Growth Rating for this company is 48 (best 1 - 100 worst), pointing to average 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 Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating steady price growth. VZ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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.
The average market capitalization across the Wireless Telecommunications Industry is 13.5B. The market cap for tickers in the group ranges from 9.7K to 12.1T. LNETF holds the highest valuation in this group at 12.1T. The lowest valued company is IGLDF at 9.7K.
The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 0.42%. For the same Industry, the average monthly price growth was -4.3%, and the average quarterly price growth was -8.82%. CVST experienced the highest price growth at 110.33%, while BZQIF experienced the biggest fall at -44.44%.
- 5/10/22 5:36 AM: Verizon Communications (VZ, $48.62) was a top weekly gainer, with a +5.17% jump
- 4/26/22 5:09 AM: Verizon Communications (VZ, $50.28) was a top loser this week, declining -5.83%
The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -17.93%. For the same stocks of the Industry, the average monthly volume growth was -14.81% and the average quarterly volume growth was 35.35%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the BollingerBands Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 36%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.13.
57 stocks in the group of tickers confirmed the positive outlook based on the RSI indicator with average odds of 67%.
The most notable companies in this group are Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).
The average market capitalization across the group is 15.1B. The market cap for tickers in the group ranges from 0 to 202.3B. VZ holds the highest valuation in this group at 202.3B. The lowest valued company is LBRDP at 0.
The average weekly price growth across all stocks in the group was 0.24%. For the same group, the average monthly price growth was -8.43%, and the average quarterly price growth was -13.51%. CXDO experienced the highest price growth at 24.07%, while BZQIF experienced the biggest fall at -44.44%.
- 5/14/22 4:23 AM: QualTek Services (QTEK, $2.25) is a top weekly gainer for penny stocks, rising +15.98%
- 5/14/22 4:22 AM: Telecom Italia Spa American Depositary Receipts Repstg Ord (TIIAY, $2.85) was a top weekly gainer, with a +5.56% jump
- 5/14/22 4:22 AM: Telecom Italia Spa American Depositary Receipts Repstg Svgs (TIAIY, $2.66) was a top weekly gainer, with a +5.98% jump
The average weekly volume growth across all stocks in the group was 106.33%. For the same stocks of the group, the average monthly volume growth was 59.69% and the average quarterly volume growth was 223.72%
- 5/13/22 4:50 AM: The volume for Radius Global Infrastructure stock increased for four consecutive days, resulting in a record-breaking daily growth of 89% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for ComSovereign Holding stock increased for one day, resulting in a record-breaking daily growth of 231% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for Liberty Broadband stock increased for four consecutive days, resulting in a record-breaking daily growth of 129% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows