How Will Verizon Communications Stock React To Its Upcoming Earnings?
Verizon Communications (NYSE:VZ) is set to report its earnings on Monday, April 27, 2026. The company has $194 Bil in current market capitalization. Revenue over the last twelve months was $138 Bil, and it was operationally profitable with $29 Bil in operating profits and net income of $17 Bil. While the post-earnings stock reaction will depend on how the results and outlook stack up against investor expectations, a detailed look at historical results can aid you if you are an event-driven trader.
Here is how: either understand the historical odds and position yourself prior to the earnings announcement, or look at the correlation between immediate and medium-term returns post earnings and enter a trade one day after the announcement.
See earnings reaction history of all stocks
Ask yourself – Is holding VZ stock risky? Of course it is. The Trefis High Quality Portfolio mitigates that risk.
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Verizon Communications’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
- There are 19 earnings data points recorded over the last five years, with 12 positive and 7 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 63% of the time.
- Notably, this percentage increases to 75% if we consider data for the last 3 years instead of 5.
- Median of the 12 positive returns = 2.1%, and median of the 7 negative returns = -5.0%
Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D | 5D | 21D |
| 1/30/2026 | 11.8% | 18.3% | 25.5% |
| 10/29/2025 | 2.3% | 0.0% | 4.0% |
| 7/21/2025 | 4.0% | 5.5% | 8.7% |
| 4/22/2025 | 0.6% | -1.3% | 3.0% |
| 1/24/2025 | 0.9% | 0.7% | 10.6% |
| 10/22/2024 | -5.0% | -4.8% | -4.1% |
| 7/22/2024 | -6.1% | -3.7% | -2.1% |
| 4/22/2024 | -4.7% | -2.0% | -0.9% |
| 1/23/2024 | 6.7% | 6.2% | 3.8% |
| 10/24/2023 | 9.3% | 10.3% | 18.7% |
| 7/25/2023 | 0.8% | 0.3% | -2.3% |
| 4/25/2023 | 0.5% | 4.3% | -2.3% |
| 1/24/2023 | 2.0% | 3.6% | -0.9% |
| 10/21/2022 | -4.5% | -2.2% | 4.2% |
| 7/22/2022 | -6.7% | -4.4% | -6.8% |
| 4/22/2022 | -5.6% | -12.0% | -10.0% |
| 1/25/2022 | -0.1% | 0.5% | 0.8% |
| 10/20/2021 | 2.4% | 1.4% | -1.2% |
| 7/21/2021 | 0.7% | 1.1% | -0.2% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 9 |
| # Negative | 7 | 7 | 10 |
| Median Positive | 2.1% | 2.5% | 4.2% |
| Median Negative | -5.0% | -3.7% | -2.2% |
| Max Positive | 11.8% | 18.3% | 25.5% |
| Max Negative | -6.7% | -12.0% | -10.0% |
Correlation Between 1D, 5D and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
| History | 1D_5D | 1D_21D | 5D_21D |
|---|---|---|---|
| 5Y History | 11.5% | 30.5% | 1.0% |
| 3Y History | 17.2% | 39.9% | 8.9% |
Is There Any Correlation With Peer Earnings?
Sometimes, peer performance can have an influence on post-earnings stock reaction. In fact, the pricing-in might begin before the earnings are announced. Here is some historical data on the past post-earnings performance of Verizon Communications stock compared with the stock performance of peers that reported earnings just before Verizon Communications. For fair comparison, peer stock returns also represent post-earnings one-day (1D) returns.
| 1D Return | Peer Post-Earnings 1D Return | ||
|---|---|---|---|
| VZ Earnings Dates | VZ | T | CMCSA |
| 1/30/2026 | 11.8% | 8.9% | 1.7% |
| 10/29/2025 | 2.3% | -1.6% | N/A* |
| 10/24/2023 | 9.3% | 1.8% | N/A* |
| 4/25/2023 | 0.5% | -0.8% | N/A* |
| 10/21/2022 | -4.5% | 2.2% | N/A* |
| 7/22/2022 | -6.7% | -2.7% | N/A* |
| 4/22/2022 | -5.6% | -3.4% | N/A* |
| 1/25/2022 | -0.1% | 3.1% | N/A* |
| CORRELATION | 47.6% | � | |
* N/A indicates that the peer reported earnings after VZ
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