Healthy wireless subscriber additions and broadband growth help Verizon beat fourth-quarter 2024 earnings estimates.
Although the revenue and EPS for Verizon (VZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Verizon's Q4 results were strong, with revenue and customer additions surpassing expectations, reinforcing our buy recommendation after the recent dip. Despite higher operating expenses, EPS met consensus at $1.10, and free cash flow was robust at $5.4 billion, ensuring dividend safety. Significant debt reduction to $113.6 billion is a bullish sign, though 2025 free cash flow guidance is slightly lower than 2024.
U.S. stocks traded mixed this morning, with the Dow Jones index falling over 50 points on Friday.
Telecommunications giant Verizon Communications (VZ 1.75%) reported fourth-quarter and full-year 2024 earnings on Friday, Jan. 24, that topped analysts consensus estimates. Adjusted earnings per share (EPS) of $1.10 came in slightly above the forecasted $1.09.
Verizon Communications (VZ) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.08 per share a year ago.
Verizon Communications Inc VZ stock reported fiscal fourth-quarter results Friday.
Verizon chairman and CEO Hans Vestberg joins 'Squawk Box' to discuss the company's quarterly earnings results, 2025 growth outlook, taking market share from competitors, what to expect in the new Trump administration, and more.
Verizon reported Q4 earnings and revenue that edged by estimates. It forecast 2.4% wireless service revenue growth in 2025.
Verizon Communications (VZ) reported better-than-expected fourth-quarter results Friday morning as the number of wireless subscribers rose.
The company added 568,000 postpaid phone subscribers in the fourth quarter.
Verizon Communications forecast annual free cash flow and profit below Wall Street estimates on Friday, as the U.S. telecom major spends heavily to expand high-speed internet services and attract customers in a saturating wireless market.