Verizon Communications Inc. (NYSE : VZ) declared on June 17, 2024, that it will reveal its second-quarter 2024 earnings today, July 22, 2024, during a webcast presentation commencing at 8:30 a.m. Eastern Time. Details for access and presentation materials will be provided at 7:00 a.m. on Verizon’s Investor Relations website: https://www.verizon.com/about/investors.
Market Cap 
$175.18 billion is Verizon’s market cap as of July 2024, placing it as the 72nd most valuable company globally, according to companiesmarketcap.com.
Dividend Information 
Verizon offers a dividend yield of 6.39% and an annual dividend of $2.66, with a quarterly payout frequency and a payout ratio of 99.63%. The ex-dividend date was July 10, 2024, and the dividend growth rate is 1.92%. The company has experienced 19 years of growth, with a buyback yield of -0.19% and a shareholder yield of 6.20%.
Recent Development At Verizon Communications 
Here are the latest updates from Verizon Communications:
– Verizon provides customers with Netflix and Peacock annual subscriptions.
– Verizon unveils new customer-focused programs and brand updates.
– Verizon launches “Network in a Box” for portable connectivity at sports and entertainment events.
– Verizon’s Small Business Digital Ready program supports 300,000 businesses with free online resources.
– Verizon Frontline offers connectivity solutions at the DFW Emergency Preparedness Showcase.
Q1 Earnings Report Recap 
Verizon’s Q1 2024 earnings report indicates a slight year-over-year revenue increase of 0.2%, reaching $33.0 billion in total consolidated revenue. The adjusted EBITDA saw a modest rise of 1.4% to $12.1 billion, while the adjusted EPS declined by 4.2% to $1.15. Cash flow from operations decreased from $8.3 billion in Q1 2023 to $7.1 billion in Q1 2024. Capital expenditures also saw a reduction from $6.0 billion to $4.4 billion, resulting in a free cash flow increase from $2.3 billion to $2.7 billion. Dividends paid increased slightly from $2.7 billion to $2.8 billion, reflecting solid cash flow and continued momentum in their broadband segment despite the decline in EPS.
Q2 Earnings Analyst Forecast
For the current quarter ending in June 2024, Zacks Consensus Estimate for EPS stands at $1.14, based on 7 estimates with a high of $1.15 and a low of $1.13, indicating a year-over-year decline of 5.79% from the previous year’s EPS of $1.21. On the sales front, the consensus estimate is $33.04 billion from 6 estimates, ranging from a high of $33.33 billion to a low of $32.88 billion, reflecting a 1.38% year-over-year growth from last year’s sales of $32.60 billion.
According to www.investing.com , Verizon Communications (NYSE: VZ) projects its Q2 EPS at $1.15 and revenue at $33.05 billion.
Per www.tradingview.com , Verizon Communications (NYSE: VZ) projects its Q2 EPS at $1.15 and anticipates revenue of $33.05 billion.
Technical Analysis 
– Verizon downtrend rejection identified at $42.55 on the 4HR chart.
– If rejection holds, the price may drop to $39.91, with a potential further decline to $37.84.
– If rejection fails, the price could rise to $45.90, possibly reaching $50.16.
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Conclusion
Verizon Communications Inc. has shown a stable performance with modest revenue growth and a slight decline in EPS in Q1 2024. Despite this, the company continues to provide solid dividends and maintain strong cash flow. Looking ahead, analysts forecast a slight decrease in EPS for Q2 2024, with expected revenue showing a small year-over-year growth. Technical analysis suggests potential volatility, with the stock poised to move significantly depending on market reactions to the downtrend rejection identified.
Source
https://www.verizon.com/about/investors/second-quarter-2024-earnings
https://www.verizon.com/about/news/verizon-report-2q-earnings-july-22-2024
https://companiesmarketcap.com/verizon/marketcap/
https://stockanalysis.com/stocks/vz/dividend/
https://images.app.goo.gl/HxuPkrjks9e8cuW58
https://www.verizon.com/about/news/verizon-offers-customers-netflix-and-peacock-annual-offer
https://www.verizon.com/about/news/verizon-refreshes-the-brand
https://www.verizon.com/about/news/verizon-frontline-dfw-emergency-preparedness-showcase
https://www.verizon.com/about/investors/quarterly-reports/1q-2024-earnings-conference-call-webcast
https://www.zacks.com/stock/quote/VZ/detailed-earning-estimates
https://www.investing.com/equities/verizon-communications-earnings
https://www.tradingview.com/symbols/NYSE-VZ/forecast/
https://www.tradingview.com/chart/VZ/cTAr5usn-VERIZON-Downtrend-Line-Rejection-At-42-55-22-07-2024/
