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Compared to Estimates, Verizon (VZ) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, Verizon Communications (VZ - Free Report) reported revenue of $34.31 billion, up 1.5% over the same period last year. EPS came in at $1.31, compared to $1.21 in the year-ago quarter.

The reported revenue represents a surprise of -1.43% over the Zacks Consensus Estimate of $34.81 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +3.15%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Verizon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Wireless retail postpaid ARPA: $168.08 compared to the $168.77 average estimate based on three analysts.
  • Wireless - Retail Core Prepaid Connections: 19.34 million compared to the 19.4 million average estimate based on three analysts.
  • Churn rate - Wireless retail postpaid phone: 0.9% versus the three-analyst average estimate of 0.9%.
  • Wireless - Retail Postpaid Connections: 126.83 million compared to the 126.85 million average estimate based on three analysts.
  • Operating Revenues- Wireless equipment revenues: $5.12 billion compared to the $5.45 billion average estimate based on five analysts. The reported number represents a change of -9% year over year.
  • Operating Revenues- Service revenues and other: $29.2 billion versus $29.29 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
  • Operating Revenues- Business: $7.02 billion versus the four-analyst average estimate of $7.19 billion. The reported number represents a year-over-year change of -1.7%.
  • Operating Revenues- Consumer: $26.43 billion compared to the $26.9 billion average estimate based on four analysts. The reported number represents a change of +1.3% year over year.
  • Operating Revenues- Business- Other: $2.47 billion compared to the $2.6 billion average estimate based on three analysts.
  • Operating Revenues- Business- Wireless equipment: $839 million compared to the $831.97 million average estimate based on three analysts.
  • Operating Revenues- Business- Mobility and broadband service: $3.71 billion compared to the $3.78 billion average estimate based on three analysts.
  • Operating Revenues- Consumer- Other: $2.38 billion versus the three-analyst average estimate of $2.4 billion. The reported number represents a year-over-year change of +137.6%.

View all Key Company Metrics for Verizon here>>>

Shares of Verizon have returned -5.1% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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