Stock Update: Verizon Communications Inc. (NYSE:VZ)

[PRNewswire]  At the North American International Auto Show in Detroit, Verizon Communications Inc. (NYSE:VZ) announced Verizon Vehicle, a powerful new connected-vehicle service available directly to consumers in the U.S., which aims to modernize traditional roadside assistance offerings – while enhancing driver safety, convenience and savings.

Verizon Vehicle, expected to make its commercial debut in the second quarter of 2015, delivers the next generation of vehicle information technology and service. With the introduction of Verizon Vehicle, drivers will have diagnostic technology at the tip of their fingers, live assistance at the press of a button and pinpoint roadside assistance with GPS accuracy in times of need. The service also connects drivers with live A.S.E. Certified Mechanics to diagnose potential problems and offer solutions. To view the full article click here.

On 10/21/2014, Verizon Communications Inc. (NYSE:VZ) reported 3 quarter 2014 earnings of $0.89 per share. This result was in-line with the consensus of the 27 analysts following the company and beat last year’s 3 quarter results by 15.58%.

The next confirmed earnings announcement is expected on 01/22/2015.

Verizon Communications Inc. (VZ) PE ratio is among the lowest of any stock in the Communications Services industry and signals that investors have not been willing to pay a premium for this company’s business prospects.

In terms of ratings, there are twenty seven analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.75. The highest estimate is $0.87 while the lowest is $0.60. The company has a one year EPS growth rate of 1208.46%.

Verizon Communications Inc. (VZ) is a holding company. Through its subsidiaries, Verizon is engaged in delivering broadband and other wireless and wireline communications services to consumer, business, Government and wholesale customers. The Company operates through two segments: Wireless and Wireline. Verizon Wireless’s communications products and services include wireless voice and data services and equipment sales. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance and other services. As of June 30, 2014, the Company had 104.6 million retail connections, including 98.6 million retail postpaid connections. Verizon also provides converged communications, information and entertainment services over America’s fiber-optic network, and delivers integrated business solutions to customers in approximately 150 countries.