In the latest trading session, Verizon Communications (VZ Quick QuoteVZ - Free Report) closed at $49.39, marking a -1.61% move from the previous day. This change lagged the S&P 500's 0.72% gain on the day. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.

Coming into today, shares of the largest U.S. cellphone carrier had lost 1.32% in the past month. In that same time, the Computer and Technology sector lost 5.35%, while the S&P 500 lost 4.99%.

Market participants will be closely following the financial results of Verizon Communications in its upcoming release. The company plans to announce its earnings on April 27, 2026. The company is predicted to post an EPS of $1.23, indicating a 3.36% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $34.75 billion, indicating a 3.79% growth compared to the corresponding quarter of the prior year.

VZ's full-year Zacks Consensus Estimates are calling for earnings of $4.91 per share and revenue of $143.27 billion. These results would represent year-over-year changes of +4.25% and +3.68%, respectively.

It's also important for investors to be aware of any recent modifications to analyst estimates for Verizon Communications. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. Verizon Communications currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Verizon Communications is currently trading at a Forward P/E ratio of 10.22. For comparison, its industry has an average Forward P/E of 12.69, which means Verizon Communications is trading at a discount to the group.

We can also see that VZ currently has a PEG ratio of 2.12. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Wireless National stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices.

The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 217, which puts it in the bottom 12% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.