Verizon (VZ) bullish scenario:
The technical figure Triangle can be found in the daily chart in the US company Verizon Communications Inc. (VZ). Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. Verizon's mobile network is the largest wireless carrier in the United States, with 120.9 million subscribers as of the end of Q4 2020. The Triangle broke through the resistance line on 23/12/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 29 days towards 40.32 USD. Your stop-loss order, according to experts, should be placed at 36.58 USD if you decide to enter this position.
Verizon is expected to post earnings of $1.21 per share for the current quarter, representing a year-over-year change of -7.6%.
For the current fiscal year, the consensus earnings estimate of $5.18 points to a change of -3.9% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $5.05 indicates a change of -2.6% from what Verizon is expected to report a year ago. Over the past month, the estimate has changed -1%.
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Verizon is expected to post earnings of $1.21 per share for the current quarter, representing a year-over-year change of -7.6%.
For the current fiscal year, the consensus earnings estimate of $5.18 points to a change of -3.9% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $5.05 indicates a change of -2.6% from what Verizon is expected to report a year ago. Over the past month, the estimate has changed -1%.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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