Verizon Communications (NYSE:VZ) on Monday reported better-than-expected first-quarter earnings and raised its FY26 adjusted EPS guidance above estimates.

Verizon reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.20 per share. The company reported quarterly sales of $34.400 billion which missed the analyst consensus estimate of $34.836 billion.

Verizon raised its full-year adjusted EPS guidance to $4.95 to $4.99 from $4.90 to $4.95, above the $4.90 estimate, and expects postpaid phone net additions in the upper half of its 750,000 to 1 million range.

It reaffirmed mobility and broadband service revenue growth of 2.0% to 3.0%, operating cash flow of $37.5 billion to $38.0 billion, and free cash flow of at least $21.5 billion.

Verizon shares fell 0.2% to trade at $47.00 on Tuesday.

These analysts made changes to their price targets on Verizon following earnings announcement.

  • Wells Fargo analyst Eric Luebchow maintained Verizon with an Equal-Weight rating and raised the price target from $44 to $46.
  • Morgan Stanley analyst Benjamin Swinburne maintained the stock with an Equal-Weight rating and raised the price target from $49 to $50.

Considering buying VZ stock? Here’s what analysts think:

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