Jul. 17 at 8:34 PM
Verizon Communications shares are pricing in a 3.9% move when the company reports Q2 earnings before the market opens on July 24, according to Bloomberg options data. While the stock has exceeded the options-implied move in only three of its last eight earnings releases, its post-earnings performance has occasionally been much larger than expected.
The shares gained 1.2% following the company's April 2026 results, versus an implied move of 3.9%, but rallied 12.8% after January 2026 earnings, significantly outperforming the 3.8% move priced in by options markets. Other earnings reactions have been more muted, including gains of 3.1% and 2.1% in January and July 2025, respectively, as well as declines of 2.5%, 3.9%, and 5.6% across several quarters.
Although Verizon's earnings-related volatility has generally remained within expectations, the January 2026 report demonstrates the stock's ability to deliver significant surprises when business trends or guidance shift materially.
$VZ