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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Look no further than Verizon Communications (VZ), which belongs to the Zacks Wireless National industry. This largest U.S. cellphone carrier has an established record of topping earnings estimates, especially in the previous two reports, boasting an average surprise of 3.85%.

For the last reported quarter, Verizon came out with earnings of $1.22 per share versus the Zacks Consensus Estimate of $1.17 per share, representing a surprise of 4.27%. With a favorable change in earnings estimates lately, the company has a positive Earnings ESP (Expected Surprise Prediction) for the stock.

According to the Earnings ESP metric, a negative value reduces its predictive power. On the other hand, a negative Earnings ESP does not indicate an earnings miss. With this combination, stocks may produce a positive surprise nearly 70% of the time, making this a potential prospect. Verizon’s next earnings report is expected to be released on January 23, 2024.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. Because of this, make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they’ve reported.

Have you heard about Zacks’ “Single Best Pick to Double”? This little-known chemical company that’s up 65% over last year, yet still is dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could possibly rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company and NVIDIA.



Read more: Will Verizon (VZ) Beat Estimates Again in Its Next Earnings Report?