Why Verizon Communications (VZ) Outpaced the Stock Market Today

Verizon Communications (VZ) rose 1.28% to $50.61, outperforming the S&P 500's 0.86% gain. The stock has gained 3.63% over the past month. Analysts expect Q3 EPS of $1.29 (up 6.61% YoY) and quarterly revenue of $34.67 billion (up 2.52% YoY). VZ holds a Zacks Rank #3 (Hold) with a Forward P/E of 9.93, trading at a discount to its industry average. The Wireless National industry ranks in the bottom 10% with a Zacks Industry Rank of 223.