CapIQ
Source: S&P Capital IQ consensus via Xpressfeed · Generated 2026-07-25.
Verizon's tape is a margin-and-capital-return story, not a growth one: normalized-EPS estimates have been revised up 6% to 15% over the past six months while revenue forecasts sit roughly flat. The company has beaten normalized-EPS consensus every quarter for two years, even as its last two revenue prints came in light. Consensus has EPS compounding well ahead of the ~2% top line, and the street stays hold-heavy with no sells.
Normalized EPS revised up 6-15% over 180 days while revenue holds flat
The upgrade is a margin story, not a demand story: over the last 30 days EPS estimates are essentially flat, so the bulk of the move landed earlier and has since stabilized.
Currency: USD · Scale: money in millions, absolute · Point-in-time consensus; Δ90d is Now versus 90d.
| Metric | FY | 180d | 90d | 30d | Now | Δ90d |
|---|---|---|---|---|---|---|
| EPS (normalized) | FY2027 | $4.95 | $5.25 | $5.27 | $5.25 | +0.0% |
| EPS (normalized) | FY2028 | $4.99 | $5.83 | $5.77 | $5.76 | -1.2% |
| Revenue | FY2027 | $141.74bn | $146.18bn | $144.74bn | $144.24bn | -1.3% |
| Revenue | FY2028 | $146.66bn | $147.64bn | $147.04bn | $146.73bn | -0.6% |
Eight straight normalized-EPS beats, but the last two revenue prints missed
Every normalized-EPS surprise on record is positive, mostly in the low-single-digit range that reads as sandbagged guidance. Revenue, by contrast, has slipped below consensus in the two most recent quarters.
Current sequences by metric: Revenue: 2 consecutive misses; EPS (normalized): 8 consecutive beats.
Currency: USD · Scale: money in millions, absolute · Consensus is captured before each actual first became effective.
| Quarter | Metric | Consensus | Actual | Surprise | Outcome |
|---|---|---|---|---|---|
| Q2 FY2026 | Revenue | $35.11bn | $34.25bn | -2.4% | Miss |
| Q2 FY2026 | EPS (normalized) | $1.27 | $1.30 | +2.7% | Beat |
| Q1 FY2026 | Revenue | $34.89bn | $34.44bn | -1.3% | Miss |
| Q1 FY2026 | EPS (normalized) | $1.21 | $1.28 | +5.8% | Beat |
| Q4 FY2025 | Revenue | $36.20bn | $36.38bn | +0.5% | Beat |
| Q4 FY2025 | EPS (normalized) | $1.06 | $1.09 | +3.3% | Beat |
| Q3 FY2025 | Revenue | $34.27bn | $33.82bn | -1.3% | Miss |
| Q3 FY2025 | EPS (normalized) | $1.19 | $1.21 | +1.5% | Beat |
| Q2 FY2025 | Revenue | $33.71bn | $34.50bn | +2.4% | Beat |
| Q2 FY2025 | EPS (normalized) | $1.19 | $1.22 | +2.6% | Beat |
| Q1 FY2025 | Revenue | $33.28bn | $33.48bn | +0.6% | Beat |
| Q1 FY2025 | EPS (normalized) | $1.15 | $1.19 | +3.7% | Beat |
| Q4 FY2024 | Revenue | $35.33bn | $35.68bn | +1.0% | Beat |
| Q4 FY2024 | EPS (normalized) | $1.10 | $1.10 | +0.3% | Beat |
| Q3 FY2024 | Revenue | $33.42bn | $33.33bn | -0.3% | Miss |
| Q3 FY2024 | EPS (normalized) | $1.18 | $1.19 | +0.7% | Beat |
Consensus has EPS compounding toward ~13% by FY29 on ~2% revenue growth
Revenue is modeled at low-single-digit growth throughout, while normalized EPS accelerates each year, widening the gap between top-line and per-share growth.
Currency: USD · Scale: money in millions, absolute · YoY uses the prior fiscal year from the feed; analyst count and range use the first displayed period.
| Metric | FY2026E | FY2027E | FY2028E | FY2029E | YoY | Analysts | Low / high |
|---|---|---|---|---|---|---|---|
| Revenue | $141.78bn | $144.22bn | $146.66bn | $150.15bn | +2.6% | 19 | $139.55bn / $143.09bn |
| EBITDA | $53.59bn | $54.85bn | $56.31bn | $58.66bn | +7.2% | 17 | $52.85bn / $54.04bn |
| EPS (normalized) | $5.00 | $5.26 | $5.78 | $6.55 | +6.1% | 15 | $4.97 / $5.04 |
FY29 normalized EPS spans $5.60-$7.07 on just four analysts
Coverage thins fast past FY27 - FY29 rests on only four EPS estimates, so treat that year's mean as indicative rather than a firm consensus. The FY28 spread is set by 15 analysts and reflects real disagreement, not just sparse data.
Currency: USD · Scale: money in millions, absolute · Spread/mean is absolute high-low divided by absolute mean.
| Metric | Period | Mean | Low–high | Spread/mean | Analysts |
|---|---|---|---|---|---|
| EPS (normalized) | FY2029E | $6.55 | $5.60–$7.07 | 22.4% | 4 |
| Revenue | FY2029E | $150.15bn | $143.78bn–$153.36bn | 6.4% | 4 |
| EPS (normalized) | FY2028E | $5.78 | $5.33–$6.19 | 14.9% | 15 |
Street sits hold-heavy: 15 holds, no sells, targets $43-71
Currency: USD · Scale: money in millions, absolute · Analyst counts shown explicitly.
| Street view | Reading | Analysts |
|---|---|---|
| Recommendation mix | Buy 8, Outperform 3, Hold 15, Underperform 0, Sell 0 | 26 |
| Consensus score | 2.27 | 26 |
| Target price | mean $50.95; median $51.00; high $71.00; low $43.00 | 23 |