2024-04-22 12:30:00 ET
Summary
- Verizon stock dipped after weak Q1 results.
- We break down the Q1 results to see what VZ did well and where it struggled.
- We also review the valuation and the outlook for the stock and share our perspective on whether it is worth buying on the dip or not.
- We also share our view on VZ relative to its peer T.
Verizon ( VZ ) stock recently dipped sharply lower (3.62% as of this writing) in the wake of releasing its Q1 results. We last covered VZ after it reported Q3 results and said that it was the better buy than its peer AT&T ( T ) at the time, stating:
Overall, both businesses are facing similar growth challenges while increasing free cash flow generation and deleveraging their balance sheets...VZ has a near 100 basis point higher dividend yield, a much better track record in terms of its dividend, and management sounds much more committed to continuing dividend growth moving forward. As a result, while T may offer investors a slightly more interesting proposition as a value opportunity, for dividend investors, VZ is the easy choice between these two...given its higher dividend yield plus growth and more trustworthy management.
Read the full article on Seeking Alpha
For further details see:
Is 7%-Yielding Verizon Stock A Buy On The Post-Q1 Dip?