What's Going On With Verizon (VZ) Stock?

Verizon Communications Inc. VZ shares are trading marginally lower by 0.4% to $31.44 Monday morning ahead of the company's Tuesday earnings report. Analysts estimate that Verizon will report EPS of $1.18 on revenue of $33.25 billion.

Verizon shares gained last week in sympathy with peer telecommunication company AT&T Inc. T after the company reported better-than-expected third-quarter financial results.

What Happened With AT&T Last Week?

In the third quarter of FY23, AT&T exceeded expectations by reporting operating revenues of $30.35 billion, marking a 1% year-over-year increase, and their adjusted EPS was $0.64, surpassing the consensus estimate of $0.59.

The positive results were attributed to increased revenues in the Mobility, Mexico and Consumer Wireline segments, although they were partially offset by decreased revenues in the Business Wireline segment.

Within the Mobility segment, AT&T achieved 494,000 total phone net additions, which included 468,000 postpaid phone net additions and 26,000 prepaid phone net additions...Read More

According to data from Benzinga Pro, VZ has a 52-week high of $42.58 and a 52-week low of $30.14.