• Verizon’s first quarter adjusted EPS stands at $1.15, beating the estimated $1.12, however, lower than last year’s $1.20.
• The firm’s operating revenue for the first quarter is $33 billion, slightly lower than the estimated $33.21 billion.
• The consumer revenue is at $25.1 billion, while the estimate was $25.29 billion.
• Business revenue for the first quarter is on par with the estimated $7.41 billion, reaching $7.4 billion.
• The wireless service revenue exceeds the estimated $19.47 billion, coming in at $19.5 billion.
• FIOS internet subscribers rose by 53,000, which is lower than the estimated increase of 60,065.
• The first quarter included retail postpaid phone net losses of 68k and retail postpaid net additions of 253k.
• Verizon’s adjusted Ebitda stands at $12.1 billion, marking a 1.7% growth year-on-year, beating the estimated $12.06 billion.
• The year forecast sees a 2% to 3.5% growth in wireless service revenue.
• The adjusted EPS for the full year remains to fall in the estimated range of $4.50 to $4.70.
• The capital expenditure for the year is forecasted to amount between $17 billion to $17.5 billion, with estimates around $17.26 billion.
• The first quarter saw total broadband net additions of 389k.
• The financial results from the first quarter reflected a pre-tax loss from special items amounting to $327m.
Verizon Communications on Smartkarma
Analysts on Smartkarma, a platform for independent investment research, are closely covering Verizon Communications. Baptista Research, through reports like “Verizon Communications – Increasing Contribution from Fixed Wireless Access & Other Major Drivers,” offers a bullish perspective. Highlighting Verizon’s recent positive performance, the report mentions a 3.2% YoY growth in wireless service revenue, reaching $76.7 billion in 2023. The fourth quarter also saw significant customer growth, signaling a strong finish for the telecommunications giant.
In another report by Baptista Research titled “Verizon Communications Inc.: Fighting The Network Wars – A Deep Dive! – Major Drivers,” an optimistic outlook is maintained. The report emphasizes Verizon exceeding analyst revenue and earnings expectations, showcasing strong performance and improved profitability in both Consumer and Business segments. Notably, Verizon Business Group’s steady net additions in Business mobility highlight the increasing demand for reliable connectivity services offered by Verizon.
A look at Verizon Communications Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Verizon Communications Inc. has received mixed ratings according to Smartkarma Smart Scores for various factors influencing its long-term outlook. While the company excels in terms of dividend strength with a perfect score of 5, its resilience score is rated lower at 2. This indicates that Verizon Communications offers a stable dividend but may face challenges in terms of resilience against potential disruptions.
Additionally, the company’s momentum score stands at 4, suggesting positive market momentum. However, its value and growth scores are average at 3 each. This implies that Verizon Communications may not be currently undervalued or experiencing high growth compared to its industry peers. Overall, the company’s diverse range of services in the telecommunications sector positions it as a strong player in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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