Earnings Outlook: Verizon earnings preview: After stemming losses, can real momentum now build?

by | Jan 23, 2023 | Stock Market

Verizon Communications Inc. already disclosed that it reversed its negative subscriber trends in the fourth quarter, but there’s more to be shared about the company’s story. The wireless giant is set to post fourth-quarter results Tuesday morning amid continued skepticism on Wall Street about the company’s ability to drive a bigger change in its business. Verizon
may have stemmed the bleeding after three quarters in a row of subscriber declines in its consumer postpaid business, but analysts, who are mainly neutral-rated on the stock, have questions about Verizon’s ability to pick up real momentum in a competitive wireless market.

See more: What’s ahead for Verizon? After a dismal 2022, it’s time to hear the turnaround plan. Here’s what to expect ahead of Verizon’s report, which is due out before Tuesday’s opening bell.What to expect Earnings: Analysts tracked by FactSet expect the company to post adjusted earnings per share of $1.19 for the fourth quarter, down from $1.31 a year before. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.22 a share. Revenue: Analysts surveyed by FactSet anticipate that Verizon generated $35.09 billion in revenue for the latest quarter, up from $34.10 billion a year before. Those contributing to Estimize expect $35.16 billion on average. Stock movement: Verizon shares have fallen following each of the company’s past four earnings reports. The stock is up 12% over the past three months, though it’s falle …

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