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Sarah Patel's Avatar
published in Blogs
Apr 22, 2022

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.

Related Ticker: VZ

VZ's Indicator enters downward trend

The Aroon Indicator for VZ entered a downward trend on May 31, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 220 similar instances where the Aroon Indicator formed such a pattern. In of the 220 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on VZ as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

VZ moved below its 50-day moving average on May 09, 2023 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 May 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 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 .

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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where VZ's RSI Oscillator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

VZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (1.611) is normal, around the industry mean (5.688). P/E Ratio (6.930) is within average values for comparable stocks, (133.633). Projected Growth (PEG Ratio) (6.029) is also within normal values, averaging (10.053). Dividend Yield (0.073) settles around the average of (0.110) among similar stocks. P/S Ratio (1.100) is also within normal values, averaging (66.559).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than 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 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 80, placing this stock worse than average.

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), 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 13.2B. 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 -0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 12%. KTEL experienced the highest price growth at 23%, while QTEK experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 60%. For the same stocks of the Industry, the average monthly volume growth was 75% and the average quarterly volume growth was 63%

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: 56
Price Growth Rating: 54
SMR Rating: 66
Profit Risk Rating: 80
Seasonality Score: -3 (-100 ... +100)
Related Portfolios: TELECOMMUNICATION SECTOR
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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
117100
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 loosely correlated with T. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if VZ jumps, then T could also see price increases.

1D
1W
1M
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Ticker /
NAME
Correlation
To VZ
1D Price
Change %
VZ100%
+2.09%
T - VZ
62%
Loosely correlated
+0.58%
TMUS - VZ
50%
Loosely correlated
+1.61%
BCE - VZ
47%
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-0.79%
TEF - VZ
46%
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+0.48%
TU - VZ
42%
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