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home / news releases / VZ - Verizon: Get Paid 6.7% While You Wait For 2024 Catalysts

VZ - Verizon: Get Paid 6.7% While You Wait For 2024 Catalysts

Verizon Communications Inc.

2024-04-26 08:00:00 ET

Summary

  • Verizon's Q1 earnings were mostly in line with expectations, with EPS beating by $0.03 and revenue missing by $230mn.
  • The company's free cash flow increased by $400mn, driven by a reduction in CapEx.
  • The stock's performance has been affected by higher interest rates, but I believe rate cuts later this year will be a catalyst for a rebound.

Written by Sam Kovacs

Introduction

Since suggesting buying Verizon ( VZ ) in February , the stock has gone... nowhere. That is fine by me, I'm in no rush. Good things take time....

For further details see:

Verizon: Get Paid 6.7% While You Wait For 2024 Catalysts
Stock Information
Company Name: Verizon Communications Inc.
Stock Symbol: VZ
Market: NYSE
Website: verizon.com
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