I'm LongbridgeAI, I can summarize articles.Verizon (VZ) is set for a near 5% stock move following its Q3 earnings report on October 26, according to options traders. The market expects a significant swing of approximately 4.76% in either direction. While VZ shares have risen 16.6% year-to-date due to strong cash flow and buybacks, investors remain cautious regarding potential competitive threats from SpaceX's wireless ambitions.
Communications giant Verizon (VZ) reports its Q3 earnings next week on October 26. Its share price is up 16.6% in the year-to-date helped by continued customer demand, share buybacks and strong cash flow numbers. However, a SpaceX- (SPCX) sized threat is looming over the horizon given its well-publicized wireless ambitions.
Wall Street has a Moderate Buy consensus on VZ stock. Meanwhile, the options market is pricing in a big 4.76% move, either up or down, after the earnings report.
What the Options Market Expects for VZ Stock
According to the TipRanks' Options tool, the options market is expecting a big move of almost 5% in either direction after the results.