Verizon Communications Inc. (NYSE:VZ ) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman & Chief Executive Officer Joe Russo - Executive Vice President & President, Global Networks & Technology Sowmyanarayan Sampath - Executive Vice President & Chief Executive Officer, Verizon Consumer Group Tony Skiadas - Executive Vice President & Chief Financial Officer Kyle Malady - Executive Vice President & Chief Executive Officer, Verizon Business Group Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS Dave Barden - Bank of America Peter Supino - Wolfe Research Jim Schneider - Goldman Sachs Sebastiano Petti - JPMorgan Brandon Nispel - KeyBanc Mike Rollins - Citi Frank Louthan - Raymond James Tim Horan - Oppenheimer Walt Piecyk - LightShed Laurent Yoon - Bernstein Brady Connor Good morning. Hello, everybody.
Verizon NYSE: VZ is a total package for investors interested in stress-free total returns. The stock trades at a deep value relative to its historical average and the S&P 500; it pays more than 6% in yield and trades with a beta of nearly 0.5x.
Although the revenue and EPS for Verizon (VZ) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Healthy wireless traction helped Verizon to beat third-quarter 2024 earnings estimate.
Verizon (VZ) reported third-quarter results below analysts' expectations Tuesday morning, despite continuing to add wireless phone and internet subscribers.
Verizon Communications (VZ) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.22 per share a year ago.
CNBC's Joe Kernen reports on the company's quarterly earnings results.
Verizon Communications topped subscriber expectations for the latest quarter, but shares were dipping about 1% in Tuesday's premarket trading.
Verizon added more wireless subscribers than expected in the third quarter as the U.S. telecom giant's promotional offers and plans that bundle 5G with streaming services like Netflix helped attract customers.
Verizon reports customer additions, or retail postpaid phone net additions, of 239,000. Wall Street was expecting 221,000.
Verizon Communications Inc. VZ will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 22,
The company's balance sheet remains leveraged due to 5G CAPEX, but net debt improved, and the 6.2% forward dividend yield is sustainable. Historical seasonality and potential positive market reactions to earnings, alongside Fed interest rate cuts, present bullish catalysts for Verizon's stock. Risks include underperformance against growth stocks driven by the AI revolution and potential reputational damage from service outages.