Verizon Communications (VZ) Stock Forecast, Price Target & Predictions
VZ Stock Forecast
Verizon Communications stock forecast is as follows: an average price target of $50.73 (represents a 14.18% upside from VZ’s last price of $44.43) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.
VZ Price Target
The average price target for Verizon Communications (VZ) is $50.73 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $68.00 to $40.00. This represents a potential 14.18% upside from VZ's last price of $44.43.
VZ Analyst Ratings
According to 19 Wall Street analysts, Verizon Communications's rating consensus is 'Buy'. The analyst rating breakdown for VZ stock is 0 'Strong Buy' (0.00%), 12 'Buy' (63.16%), 6 'Hold' (31.58%), 1 'Sell' (5.26%), and 0 'Strong Sell' (0.00%).
Verizon Communications Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Brandon Nispel | KeyBanc | $44.00 | $41.31 | 6.51% | -0.97% |
| Jul 23, 2024 | Brandon Nispel | Loop Capital Markets | $46.00 | $39.20 | 17.33% | 3.53% |
| Jul 22, 2024 | Maher Yaghi | Scotiabank | $46.50 | $41.62 | 11.73% | 4.66% |
| Jul 22, 2024 | Michael Rollins | Citigroup | $47.00 | $41.62 | 12.93% | 5.78% |
| Jul 01, 2024 | James Schneider | Goldman Sachs | $50.00 | $41.24 | 21.24% | 12.54% |
| Jun 27, 2024 | Kutgun Maral | RBC Capital | $42.00 | $40.70 | 3.19% | -5.47% |
| Jun 05, 2024 | Timothy Horan | Oppenheimer | $48.00 | $41.47 | 15.75% | 8.04% |
| Apr 23, 2024 | Vijay Jayant | Evercore ISI | $42.00 | $38.60 | 8.81% | -5.47% |
| Apr 23, 2024 | Eric Luebchow | Wells Fargo | $40.00 | $38.60 | 3.63% | -9.97% |
| Apr 01, 2024 | Kutgun Maral | RBC Capital | $40.00 | $42.28 | -5.39% | -9.97% |
The latest Verizon Communications stock forecast, released on Sep 06, 2024 by Brandon Nispel from KeyBanc, set a price target of $44.00, which represents a 6.51% increase from the stock price at the time of the forecast ($41.31), and a -0.97% decrease from VZ last price ($44.43).
Verizon Communications Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 6 | 13 |
| Avg Price Target | $44.00 | $45.92 | $44.88 |
| Last Closing Price | $44.43 | $44.43 | $44.43 |
| Upside/Downside | -0.97% | 3.35% | 1.01% |
In the current month, the average price target of Verizon Communications stock is $44.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -0.97% decrease as opposed to Verizon Communications's last price of $44.43. This month's average price target is down -4.18% compared to last quarter, and down -1.96% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Sep 06, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 05, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 30, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Aug 30, 2024 | Tigress Financial | Buy | Buy | Hold |
| Aug 20, 2024 | Morgan Stanley | Overweight | Underweight | Downgrade |
| Jul 23, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 23, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 23, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Jul 23, 2024 | Tigress Financial | Sector Perform | Sector Perform | Hold |
Verizon Communications's last stock rating was published by RBC Capital on Sep 06, 2024. The company gave VZ a "Underperform" rating, the same as its previous rate.
Verizon Communications Financial Forecast
Verizon Communications Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $35.13B | - | $32.60B | $32.91B | $35.25B | $34.24B | - | $33.55B | $34.07B | $32.91B | $33.76B | $32.87B | $34.69B | $31.54B | $30.45B | $31.61B | $34.77B | $32.89B | $32.07B | $32.13B | $34.28B | $32.61B |
| Avg Forecast | $36.09B | $34.25B | $33.61B | $33.53B | $35.60B | $33.72B | $33.05B | $33.23B | $34.60B | $33.27B | $33.30B | $33.57B | $35.09B | $33.76B | $33.74B | $33.61B | $34.06B | $33.23B | $32.77B | $32.46B | $34.45B | $31.59B | $29.92B | $32.38B | $34.61B | $32.75B | $32.41B | $32.15B | $33.36B | $31.81B |
| High Forecast | $36.57B | $34.71B | $34.06B | $33.99B | $36.08B | $34.13B | $33.49B | $33.68B | $35.77B | $34.03B | $33.75B | $34.02B | $35.56B | $34.21B | $33.74B | $34.04B | $34.48B | $33.65B | $33.18B | $32.87B | $34.88B | $31.99B | $30.30B | $32.79B | $35.05B | $33.16B | $32.82B | $32.56B | $40.04B | $38.17B |
| Low Forecast | $35.65B | $33.83B | $33.20B | $33.13B | $35.16B | $33.49B | $32.64B | $32.83B | $34.14B | $32.21B | $32.89B | $33.16B | $34.66B | $33.35B | $33.74B | $33.16B | $33.59B | $32.78B | $32.32B | $32.02B | $33.98B | $31.16B | $29.51B | $31.94B | $34.14B | $32.30B | $31.97B | $31.71B | $26.69B | $25.44B |
| # Analysts | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | 1.02% | - | 0.98% | 0.98% | 1.00% | 1.01% | - | 1.00% | 1.00% | 0.99% | 1.03% | 1.01% | 1.01% | 1.00% | 1.02% | 0.98% | 1.00% | 1.00% | 0.99% | 1.00% | 1.03% | 1.03% |
Verizon Communications's average Quarter revenue forecast for Mar 24 based on 4 analysts is $33.23B, with a low forecast of $32.83B, and a high forecast of $33.68B. VZ's average Quarter revenue forecast represents a -5.40% decrease compared to the company's last Quarter revenue of $35.13B (Dec 23).
Verizon Communications EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | $10.96B | - | $11.76B | $12.03B | $14.13B | $11.78B | - | $11.11B | $10.81B | $12.99B | $12.54B | $12.22B | $11.40B | $10.94B | $11.32B | $10.73B | $8.85B | $12.04B | $10.63B | $12.10B | $6.79B | $12.13B |
| Avg Forecast | $13.10B | $12.44B | $12.20B | $12.18B | $12.93B | $12.24B | $12.00B | $13.28B | $12.56B | $12.08B | $12.09B | $12.07B | $12.74B | $13.76B | $11.75B | $10.97B | $10.56B | $12.51B | $11.86B | $12.03B | $11.01B | $10.67B | $11.02B | $10.38B | $8.93B | $11.94B | $10.36B | $11.79B | $6.61B | $11.82B |
| High Forecast | $13.28B | $12.60B | $12.37B | $12.34B | $13.10B | $12.39B | $12.16B | $15.93B | $12.99B | $12.36B | $12.25B | $14.49B | $12.91B | $16.52B | $11.75B | $13.17B | $12.67B | $15.01B | $14.24B | $14.44B | $13.21B | $12.81B | $13.23B | $12.45B | $10.72B | $14.33B | $12.43B | $14.15B | $7.93B | $14.18B |
| Low Forecast | $12.94B | $12.29B | $12.06B | $12.03B | $12.77B | $12.16B | $11.85B | $10.62B | $12.40B | $11.70B | $11.94B | $9.66B | $12.59B | $11.01B | $11.75B | $8.78B | $8.45B | $10.01B | $9.49B | $9.62B | $8.81B | $8.54B | $8.82B | $8.30B | $7.15B | $9.55B | $8.29B | $9.43B | $5.28B | $9.46B |
| Surprise % | - | - | - | - | - | - | - | - | 0.87% | - | 0.97% | 1.00% | 1.11% | 0.86% | - | 1.01% | 1.02% | 1.04% | 1.06% | 1.02% | 1.04% | 1.03% | 1.03% | 1.03% | 0.99% | 1.01% | 1.03% | 1.03% | 1.03% | 1.03% |
4 analysts predict VZ's average Quarter EBITDA for Mar 24 to be $13.28B, with a high of $15.93B and a low of $10.62B. This is 21.19% upper than Verizon Communications's previous annual EBITDA (Dec 23) of $10.96B.
Verizon Communications Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 12 |
| Net Income | - | - | - | - | - | - | - | - | $-2.71B | - | $4.65B | $4.91B | $6.58B | $4.90B | - | $4.58B | $4.74B | $6.41B | $5.80B | $5.25B | $4.59B | $4.36B | $4.70B | $4.16B | $5.09B | $5.19B | $3.94B | $5.03B | $1.94B | $4.92B |
| Avg Forecast | $4.84B | $5.10B | $5.03B | $4.89B | $4.64B | $4.96B | $4.85B | $5.54B | $4.56B | $4.98B | $4.92B | $5.04B | $5.01B | $6.79B | $5.57B | $4.58B | $4.50B | $6.17B | $5.49B | $5.16B | $4.43B | $4.25B | $4.58B | $4.02B | $5.14B | $5.15B | $3.85B | $4.90B | $1.89B | $4.80B |
| High Forecast | $4.93B | $5.19B | $5.12B | $4.98B | $4.72B | $5.05B | $4.93B | $6.65B | $4.73B | $5.38B | $5.01B | $6.05B | $5.10B | $8.15B | $5.57B | $5.50B | $5.41B | $7.41B | $6.59B | $6.20B | $5.32B | $5.10B | $5.49B | $4.82B | $6.17B | $6.18B | $4.61B | $5.88B | $2.26B | $5.76B |
| Low Forecast | $4.77B | $5.02B | $4.95B | $4.81B | $4.57B | $4.83B | $4.77B | $4.43B | $4.43B | $4.85B | $4.84B | $4.03B | $4.93B | $5.43B | $5.57B | $3.66B | $3.60B | $4.94B | $4.39B | $4.13B | $3.54B | $3.40B | $3.66B | $3.22B | $4.11B | $4.12B | $3.08B | $3.92B | $1.51B | $3.84B |
| Surprise % | - | - | - | - | - | - | - | - | -0.59% | - | 0.94% | 0.97% | 1.31% | 0.72% | - | 1.00% | 1.05% | 1.04% | 1.06% | 1.02% | 1.04% | 1.03% | 1.03% | 1.03% | 0.99% | 1.01% | 1.03% | 1.03% | 1.03% | 1.03% |
Verizon Communications's average Quarter net income forecast for Sep 23 is $4.98B, with a range of $4.85B to $5.38B. VZ's average Quarter net income forecast represents a 7.15% increase compared to the company's last Quarter net income of $4.65B (Jun 23).
Verizon Communications SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 12 |
| SG&A | - | - | - | - | - | - | - | - | $8.99B | - | $8.25B | $7.51B | $8.05B | $7.42B | - | $7.17B | $7.41B | $6.52B | $7.32B | $7.40B | $8.49B | $7.34B | $7.16B | $8.59B | $8.31B | $7.22B | $7.27B | $7.20B | $9.41B | $7.22B |
| Avg Forecast | $8.31B | $7.89B | $7.74B | $7.73B | $8.20B | $7.77B | $7.61B | $8.68B | $7.97B | $7.66B | $7.67B | $7.89B | $8.08B | $6.91B | $7.77B | $7.17B | $7.24B | $6.28B | $6.93B | $7.29B | $8.20B | $7.16B | $6.97B | $8.30B | $8.38B | $7.16B | $7.09B | $7.01B | $9.15B | $7.04B |
| High Forecast | $8.43B | $8.00B | $7.85B | $7.83B | $8.31B | $7.86B | $7.72B | $10.41B | $8.24B | $7.84B | $7.77B | $9.47B | $8.19B | $8.29B | $7.77B | $8.61B | $8.69B | $7.54B | $8.32B | $8.74B | $9.84B | $8.59B | $8.36B | $9.96B | $10.06B | $8.59B | $8.50B | $8.42B | $10.98B | $8.45B |
| Low Forecast | $8.21B | $7.80B | $7.65B | $7.63B | $8.10B | $7.72B | $7.52B | $6.94B | $7.87B | $7.42B | $7.58B | $6.31B | $7.99B | $5.53B | $7.77B | $5.74B | $5.79B | $5.03B | $5.54B | $5.83B | $6.56B | $5.73B | $5.58B | $6.64B | $6.70B | $5.73B | $5.67B | $5.61B | $7.32B | $5.63B |
| Surprise % | - | - | - | - | - | - | - | - | 1.13% | - | 1.08% | 0.95% | 1.00% | 1.07% | - | 1.00% | 1.02% | 1.04% | 1.06% | 1.02% | 1.04% | 1.03% | 1.03% | 1.03% | 0.99% | 1.01% | 1.03% | 1.03% | 1.03% | 1.03% |
Verizon Communications's average Quarter SG&A projection for Mar 24 is $8.68B, based on 4 Wall Street analysts, with a range of $6.94B to $10.41B. The forecast indicates a -3.48% fall compared to VZ last annual SG&A of $8.99B (Dec 23).
Verizon Communications EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 12 |
| EPS | - | - | - | - | - | - | - | - | $-0.64 | - | $1.10 | $1.17 | $1.56 | $1.17 | - | $1.09 | $1.14 | $1.55 | $1.40 | $1.27 | $1.11 | $1.05 | $1.14 | $1.00 | $1.23 | $1.26 | $0.95 | $1.22 | $0.47 | $1.19 |
| Avg Forecast | $1.15 | $1.21 | $1.19 | $1.16 | $1.10 | $1.18 | $1.15 | $1.12 | $1.08 | $1.18 | $1.17 | $1.19 | $1.19 | $1.29 | $1.32 | $1.34 | $1.28 | $1.37 | $1.30 | $1.29 | $1.17 | $1.22 | $1.15 | $1.22 | $1.14 | $1.24 | $1.20 | $1.17 | $1.06 | $1.16 |
| High Forecast | $1.17 | $1.23 | $1.21 | $1.18 | $1.12 | $1.20 | $1.17 | $1.14 | $1.12 | $1.28 | $1.19 | $1.21 | $1.21 | $1.31 | $1.32 | $1.37 | $1.31 | $1.39 | $1.32 | $1.31 | $1.19 | $1.24 | $1.17 | $1.24 | $1.16 | $1.26 | $1.22 | $1.19 | $1.27 | $1.39 |
| Low Forecast | $1.13 | $1.19 | $1.17 | $1.14 | $1.08 | $1.15 | $1.13 | $1.10 | $1.05 | $1.15 | $1.15 | $1.17 | $1.17 | $1.27 | $1.32 | $1.32 | $1.26 | $1.34 | $1.28 | $1.27 | $1.15 | $1.19 | $1.13 | $1.20 | $1.12 | $1.22 | $1.18 | $1.15 | $0.85 | $0.93 |
| Surprise % | - | - | - | - | - | - | - | - | -0.59% | - | 0.94% | 0.98% | 1.31% | 0.91% | - | 0.81% | 0.89% | 1.14% | 1.08% | 0.98% | 0.95% | 0.86% | 0.99% | 0.82% | 1.07% | 1.02% | 0.79% | 1.05% | 0.44% | 1.03% |
According to 15 Wall Street analysts, Verizon Communications's projected average Quarter EPS for Sep 23 is $1.18, with a low estimate of $1.15 and a high estimate of $1.28. This represents a 7.26% increase compared to VZ previous annual EPS of $1.10 (Jun 23).
Verizon Communications Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CHTR | Charter Communications | $340.17 | $520.08 | 52.89% | Hold |
| CMCSA | Comcast | $39.55 | $53.42 | 35.07% | Buy |
| T | AT&T | $21.64 | $27.55 | 27.31% | Buy |
| VZ | Verizon Communications | $44.43 | $50.73 | 14.18% | Buy |
| VOD | Vodafone Group Public Limited Company | $10.17 | $9.50 | -6.59% | Buy |
| LUMN | Lumen | $6.09 | $5.63 | -7.55% | Hold |
| TMUS | T-Mobile US | $202.83 | $180.38 | -11.07% | Buy |
VZ Forecast FAQ
Is Verizon Communications a good buy?
Yes, according to 19 Wall Street analysts, Verizon Communications (VZ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 63.16% of VZ's total ratings.
What is VZ's price target?
Verizon Communications (VZ) average price target is $50.73 with a range of $40 to $68, implying a 14.18% from its last price of $44.43. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Verizon Communications stock go up soon?
According to Wall Street analysts' prediction for VZ stock, the company can go up by 14.18% (from the last price of $44.43 to the average price target of $50.73), up by 53.05% based on the highest stock price target, and down by -9.97% based on the lowest stock price target.
Can Verizon Communications stock reach $70?
VZ's average twelve months analyst stock price target of $50.73 does not support the claim that Verizon Communications can reach $70 in the near future.
What is Verizon Communications's current price target trend?
1 Wall Street analyst forecast a $44 price target for Verizon Communications (VZ) this month, down -0.97% from its last price of $44.43. Compared to the last 3 and 12 months, the average price target increased by 3.35% and increased by 1.01%, respectively.
What are Verizon Communications's analysts' financial forecasts?
Verizon Communications's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $135.6B (high $137.38B, low $134.12B), average EBITDA is $50.45B (high $53.59B, low $47.4B), average net income is $19.99B (high $21.35B, low $18.61B), average SG&A $32.26B (high $34.3B, low $30.28B), and average EPS is $4.54 (high $4.62, low $4.46). VZ's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $137.48B (high $139.33B, low $135.81B), average EBITDA is $49.92B (high $50.59B, low $49.31B), average net income is $19.87B (high $20.22B, low $19.56B), average SG&A $31.67B (high $32.1B, low $31.29B), and average EPS is $4.71 (high $4.79, low $4.63).
Did the VZ's actual financial results beat the analysts' financial forecasts?
Based on Verizon Communications's last annual report (Dec 2023), the company's revenue was $133.97B, which missed the average analysts forecast of $134.73B by -0.56%. Apple's EBITDA was $46.34B, missing the average prediction of $48.8B by -5.05%. The company's net income was $11.61B, missing the average estimation of $19.5B by -40.45%. Apple's SG&A was $32.74B, beating the average forecast of $31.2B by 4.97%. Lastly, the company's EPS was $2.75, missing the average prediction of $4.62 by -40.48%. In terms of the last quarterly report (Dec 2023), Verizon Communications's revenue was $35.13B, beating the average analysts' forecast of $34.6B by 1.54%. The company's EBITDA was $10.96B, missing the average prediction of $12.56B by -12.78%. Verizon Communications's net income was $-2.705B, missing the average estimation of $4.56B by -159.29%. The company's SG&A was $8.99B, beating the average forecast of $7.97B by 12.80%. Lastly, the company's EPS was $-0.64, missing the average prediction of $1.08 by -159.21%