Verizon Communications Inc. is scheduled to report earnings before Tuesday's open. The stock hit a record high of $69.50/share in 1999 and is trading near $50/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:  

Earnings Preview: 

Verizon is expected to earn $1.14/share on $31.50 billion in revenue. Meanwhile, the so-called Whisper number is $1.15. The Whisper number is the Street's unofficial view on earnings.