The first quarter of 2018 marked a record increase in earnings estimates by Wall Street analysts. In fact, according to Factset, it was the largest increase in the bottom-up EPS estimate during a quarter since they began tracking the quarterly bottom-up EPS estimate in Q2 2002. The overall Q1 bottom-up EPS estimate increased by 5.4% and the two sectors with the strongest analysts increases were energy (14.6%) and telecom (14.1%). Telecom and energy led the market in Q1 bottom-up EPS estimates. Verizon is ranked number 2 in the telecom sector and its EPS revisions reflect the Q1 trend.

Source: Forbes May 06, 2018 15:45 UTC