when does verizon report earnings

Should You Buy Verizon Stock Before Its Earnings Report?


Oct. 19 2020, Updated 11:51 a.m. ET

Verizon is gearing up to report its third-quarter earnings before the market opens on Oct. 21. What can investors expect? Despite the COVID-19 pandemic, Verizon's second-quarter earnings beat the consensus expectations. 

Article continues below advertisement

Verizon was the first mobile operator in the U.S. to launch 5G services. Since then, the company has continued to expand its 5G network coverage. The disruptions caused by the COVID-19 pandemic accelerated the shift to remote work and online shopping, which are fueling the demand for strong mobile connectivity that 5G technology delivers.

What is Verizon's earnings date and time?

Verizon plans to report its third-quarter earnings on Oct. 21 at 7:30 a.m., according to the earnings calendar on the company's investor relations site. The report will be for Verizon's earnings for the three months through September 2020. In the third quarter of 2019, the company reported an EPS of $1.25 on revenue of $32.9 billion. The results beat the consensus estimate for an EPS of $1.24 on revenue of $32.7 billion. What can investors expect from Verizon's third-quarter earnings? The consensus estimate calls for an EPS of $1.22 on revenue of $31.6 billion.

Article continues below advertisement
verizon earnings g
Source: Getty

What is Verizon’s stock price today?

Verizon stock popped up more than 1.0 percent in the pre-market session on Oct. 19 to trade at $58.66. The stock declined 0.19 percent on Oct. 16 and closed the week at $58.05 after trading in the $58.01–$58.43 range on that day. So far, Verizon stock is down about 6.0 percent in 2020.

Article continues below advertisement

What is Verizon's stock forecast?

Should you buy Verizon stock? The most bullish analyst sees more than a 20 percent upside potential in Verizon stock from the current level to $70 in 12 months. The most bearish analyst sees a 7.0 percent downside in the stock to $54.

verizon stock forecast
Source: Getty
Article continues below advertisement

Verizon's dividend dates in 2020

Investors seeking out stocks with a dividend may like Verizon stock. The stock has a long dividend history, according to its investor relations website. Also, Verizon has a history of regularly increasing its dividend payout. What are the company's 2020 dividend dates?

First, Verizon has declared a dividend three times in 2020. On March 5, the company declared a quarterly cash dividend of $0.6150 per share, which it distributed to shareholders on May 1. On Jun. 4, Verizon declared a quarterly cash dividend of $0.6150 per share, which it paid on Aug. 3. In the first half of 2020, the company paid out a total of $5.1 billion in dividends.

Verizon’s latest dividend was declared on Sept. 3 for a dividend amount of $0.6275 per share, which the company plans to distribute on Nov. 2. The next dividend will be paid out to Verizon shareholders of record as of Oct. 9, according to the company's investor relations website. Currently, Verizon has a dividend yield of more than 4.3 percent. 


More From Market Realist

  • Upstart logo
    Upstart Stock Jumps on Strong Earnings, Buy at a Discount
  • Woman using a smartphone and laptop
    Investing in TQQQ Versus QQQ ETF: Which Is Right for You?
  • PancakeSwap logo
    PancakeSwap (CAKE) Price Prediction: $100 Milestone Is in Sight
  • Cartesi logo
    Cartesi's Price Is Rising, Looks Like a Good Crypto Investment
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.