Verizon Earnings Preview: Expecting Another Solid Quarter

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About: Verizon Communications Inc. (VZ)
by: D.M. Martins Research
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D.M. Martins Research
Long/short equity, value, contrarian, long-term horizon
Summary

Verizon is set to report earnings on October 25, following a pretty bullish third quarter for the stock.

I believe the iPhone 11 upgrade cycle will be a positive for net adds, while I see average per-account revenues continuing to improve.

I remain bullish on this name in the long term for a number of reasons that include market share gain, high yield, and diversification features.

Third quarter earnings season is around the corner. Verizon (VZ) will be looking to maintain share price momentum (the stock has been up 8% since the last earnings day, on August 1st)