J.P. Morgan Refines Estimates On Verizon

According to J.P. Morgan, Verizon VZ wireless margin is tweaked. J.P. Morgan reported that it is refining its estimates for Verizon earnings into the quarter. “While our headline numbers like revenue, net adds, and EPS are unchanged we change the mix a little, bringing up wireless margins and interest expense, and tweaking down taxes. Net-net our 2011 and 2012 EPS estimates are unchanged at $2.24 and $2.59. Reiterate Neutral rating, $38 target.” Verizon closed yesterday at $37.85.