BUZZ-PREVIEW: Verizon edges up ahead of earnings on Monday

Reuters04-20

** Verizon shares up 0.6% at $40.37 ahead of Q1 earnings due before the opening bell on Monday

** The telecom company is expected to report adj. Quarterly EPS of $1.12 on revenue of $33.24 bln, per LSEG data, vs yr-ago results of $1.20 per share and revenue of $32.91 bln

** VZ has met or beaten EPS estimates in seven of past eight qtrs, with most recent miss in Q2 2022; on revenue side, VZ has met or beat in six of past eight quarters, with most recent miss in Q2 2023

** The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell" ratings

** Median analyst price target of $46 is up from the $44.75 a month ago

** VZ shares up 7% YTD vs 0.8% gain in Dow Industrials

(Reporting by Chuck Mikolajczak)

((charles.mikolajczak@tr.com; @ChuckMik;))

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