PREVIEW: Verizon seen reporting slight increase in rev in results Wed

** Shares of Verizon Communications VZ were up 0.2% on Tues, with the telecom company seen reporting a small increase in yr-over-yr rev when it releases quarterly results before the bell on Wed

** Analysts expect VZ to report Q3 rev of $34.28 bln vs $33.33 bln in the yr-ago period, while they expect adj earnings of $1.19/shr in line with $1.19 in the yr-ago period, based on LSEG data

** The co has met or beaten analysts' earnings expectations the past eight reporting periods, per LSEG

** Earlier this month, Verizon named former PayPal boss Dan Schulman as its new chief executive officer, replacing Hans Vestberg in a leadership transition aimed at steering the telecom giant through slowing growth in the wireless market

** Analyst recommendations on the stock include nine "strong buy" or "buy" ratings, 15 "hold" ratings and one "sell" rating

** The median 12-mo PT on VZ is $47.75; the stock was last at $39.31

** VZ options imply a 3.8% swing for the shares, in either direction, by Fri; that's lower than the stock's 4.7% eight-qtr avg post-earnings move, according to Trade Alert

** VZ shares are down ~1.7% for the YTD compared with a roughly 12.5% gain in the Dow Jones industrial average DJI in that period