Verizon (NYSE:VZ) is scheduled to announce Q4 earnings results on Tuesday, January 24th, before market open.
The consensus EPS Estimate is $1.19 (-9.2% Y/Y) and the consensus Revenue Estimate is $35.14B (+3.0% Y/Y).
Over the last 3 months, EPS estimates have seen 0 upward revisions and 17 downward. Revenue estimates have seen 4 upward revisions and 8 downward.
The telecoms company has been challenged more than peers such as AT&T (T), with consumer phone declines amid rising rates. As a result, shares have dropped around -24% in the past year while AT&T rose by the roughly the same percentage.
UBS suggested Verizon (VZ) will lose consumer subs again in 2023 but the company will be “more nimble”, while Truist expects rollout of its fixed wireless access program is likely to “scale slower than originally expected” as the company works on preserving cash.
At Citi’s investment conference at the start of the year, Verizon (VZ) CEO Hans Vestberg said the company had a net addition of subscribers in Q4 and would cut its spending plans for 2023 amid the weak global economy and as its 5G rollout concludes.
Positive net additions in Q4 will mark a return from three quarters of consumer post-paid phone net losses and would have been driven by elevated holiday season activity and summer price increases.
Investors will be keen on whether Verizon will see improving wireless revenue trends in Q4 and its outlook for the new year as well as plans for additional price increases.
Over the last 2 years, VZ has beaten EPS estimates 88% of the time and has beaten revenue estimates 75% of the time.