Verizon and AT&T earnings on deck: What to expect

seekingalpha04-20

U.S. telecom company Verizon (NYSE:VZ) is set to post first-quarter results on Monday, before markets open. Wall Street expects New-York based Verizon to post revenue of $33.23 billion, implying a ...

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Wall Street expects New-York based Verizon to post revenue of $33.23 billion, implying a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091567-verizon-and-att-earnings-on-deck-what-to-expect\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"T","symbol_name":"美国电话电报","start_time":0,"source_url":"https://seekingalpha.com/news/4091567-verizon-and-att-earnings-on-deck-what-to-expect","article_id":"2428566421","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1030748296/image_1030748296.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428566421","pubTimestamp":1713546731,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"AT&T: $143B Debt, Is It A Stock Sinker Or A Hidden Gem?AT&T: Uptrending With A 6.4% Yield, This Is A Buy-Every-Dip Stock AT&T notches seven consecutive days of losses","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"T":"美国电话电报","VZ":"威瑞森"},"translate_title":"威瑞森和美国电话电报公司的收益：期待什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"T":1,"VZ":1},"content_text":"U.S. telecom company Verizon (NYSE:VZ) is set to post first-quarter results on Monday, before markets open. Wall Street expects New-York based Verizon to post revenue of $33.23 billion, implying a fall of 1%, while Earnings Per Share (EPS) is expected to decline over 6% to $1.12. A giant in the wireless market, Verizon, felt pressure last year, due to concerns for its debt load and the company being sued over the lead cables it owned. However, the stock rebounded from its October 2023 bottom and gained nearly 7% so far this year. Earlier in January, Verizon reported fourth quarter results that topped Street’s estimates, driven by strong growth in its wireless unit. In addition to better subscriber trends aided by its C-Band spectrum, Verizon could be a beneficiary from a decline in interest rates, given that 26% of its debt is variable, Redburn-Atlantic analyst Steve Malcolm said. Verizon has announced a $4 increase for legacy consumer plans that went into effect in March. The company said that it expects incremental pressure on consumer postpaid phone churn in the first quarter due to the additional targeted pricing actions. “We expect Verizon to demonstrate wireless service revenue growth of 3.1% y/y and continue the momentum in gross additions, however, we see churn management as one of the company's key priorities for FY24,” pointed out RBC analyst Jonathan Atkin. Rival AT&T (NYSE:T), which will also report its first quarter results on Wednesday, is expected to post EPS of $0.53, implying a fall of over 11%. Revenue is expected to be $30.53 billion. Both Wall Street and Seeking Alpha analysts are bullish on VZ and T and rated them as Buy. However, a weak 2024 earnings forecast from AT&T in January and a late-February widespread service outage spooked some investors. J.P. Morgan expects the outage to hit the company’s subscriber count. AT&T stock fell over 2% so far this year. Seeking Alpha’s Quant rating are cautious on growth prospective and consider T and VZ as Hold, with both companies managing a D in growth. Investors will also focus on free cash flow- an important metric to help determine dividends for both companies during the quarter. Over the last two years, VZ has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time, while T has beaten EPS estimates 88% of the time and has beaten revenue estimates 50% of the time. Over the last three months, VZ’s EPS have been revised upward six times, compared to four downward revisions. Revenue have seen three upward revisions versus five downward moves. In the case of Dallas, Texas-based AT&T, EPS have seen no upward revisions compared to seven downward revisions. Revenue have seen two upward and two downward moves.   More on AT&T, Verizon, etc.  Is Verizon A Buy After The +28% Rally? AT&T: $143B Debt, Is It A Stock Sinker Or A Hidden Gem? AT&T: Uptrending With A 6.4% Yield, This Is A Buy-Every-Dip Stock AT&T notches seven consecutive days of losses","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428566421"}