Verizon Communications Inc.
) is set to release its third-quarter 2013 results before the
opening bell on Oct 17, 2013.
In the last quarter, the company delivered a 1.33% of negative
earnings surprise. Let's see how things are shaping up for this
Factors to be Considered This Quarter
Verizon Communications has a strong foothold within the wireless
and wireline sectors, with ample growth opportunities in the
forthcoming months. The company remains focused on improving
profitability over the long term through the rapid evolution of
4G LTE, high smartphone sales, expansion of the FiOS network and
strength in enterprise strategic services in areas such as global
IP, cloud computing, security and managed services.
On the downside, persistent erosion in access lines, uncertain
returns from investments, iPhone subsidies, hindrances in
spectrum deals and intense competition may act as headwinds for
Verizon, going forward.
Our proven model does not conclusively show that Verizon
Communications is likely to beat the Zacks Consensus Estimate
this quarter. This is because a stock needs to have both a
positive Earnings ESP and a Zacks Rank #1, #2 or #3 for this to
happen. Unfortunately, this is not the case here as elaborated
This is because the Most Accurate Estimate is 74 cents while the
Zacks Consensus Estimate is higher at 75 cents. This leads to an
ESP of -1.33% for Verizon Communications.
Verizon's Zacks Rank #3 (Hold), decreases the predictive power of
We caution investors against the stock going into the earnings
announcement, as a Zacks Earnings ESP of -1.33% combined with a
Zacks Rank #3 (Hold) lowers the possibility of an earnings
Other Stocks to Consider
Here are some other companies to consider as our model shows
they have the right combination of elements to post an earnings
beat this quarter.
) with Earnings ESP of +2.29% and carries a Zacks Rank #2 (Buy).
APPLE INC (AAPL): Free Stock Analysis Report
COMCAST CORP A (CMCSA): Free Stock Analysis
T-MOBILE US INC (TMUS): Free Stock Analysis
VERIZON COMM (VZ): Free Stock Analysis Report
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T-Mobile US, Inc.
) with Earnings ESP of +66.67% and carries a Zacks Rank #3
) with Earnings ESP of +1.64% and carries a Zacks Rank #3