Verizon Communications Inc. (VZ)
Verizon: Ignore The Noise, Buy The Dip
Verizon's shares dropped 6% after missing Q2 revenue targets, but the telecom nonetheless saw growth in wireless, broadband and free cash flow. Verizon's free cash flow supports its high dividend yield, providing income investors with a safety margin. Despite revenue miss, Verizon's valuation is attractive, making it a good long-term investment for income investors.
Verizon Postpaid Net Adds Decline, But Broadband Growth Is 'Close To The Best': Analyst
Shares of Verizon Communications Inc. VZ were under pressure in early trading on Tuesday, after declining more than 6% following the company's second-quarter results.
Is Verizon Still A Buy After The Q2 Earnings Selloff?
Verizon's Q2 revenue miss has wiped out its ~8% YTD gains all at once, taking the stock's choppy performance this year back to square one. Yet the company has continued to deliver favourable progress on its three pillars - namely, wireless service revenue growth, adjusted EBITDA expansion, and FCF growth. Postpaid wireless net adds have also returned to the positive side, with increasing adoption of its premium myPlan and myHome offerings coupled with comparatively limited churn.
Sector Rotation Alert: This High-Yield Telecom Stock Is a Buy
Sector rotation is on investors' minds, and no stock provides value, yield, or opportunity like Verizon NYSE: VZ. Its shares are down more than 5% following its Q2 release, setting up a significant opportunity that will deliver double-digit stock price gains in addition to the 6.5% yield within the next year or two.
Telecom and Cable Stocks Drop On Verizon Earnings Miss
Verizon missed revenue estimates as hardware sales dropped from a year ago. Key wireless revenue was up, which is why earnings were strong in the quarter.
Why people are now keeping their phones for over 3 years, according to Verizon's CEO
That was Verizon Communications Inc. VZ, -6.34% Chair and Chief Executive Hans Vestberg, discussing how people are no longer upgrading their smartphones as often as they used to in an interview with CNBC on Monday morning.
Verizon Communications Inc. (VZ) Q2 2024 Earnings Call Transcript
Verizon Communications Inc. (NYSE:VZ ) Q2 2024 Earnings Conference Call July 22, 2024 8:30 AM ET Company Participants Brady Connor - SVP, IR Hans Vestberg - Chairman and CEO Tony Skiadas - EVP & CFO Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Jim Schneider - Goldman Sachs Sebastiano Petti - J.P. Morgan Michael Rollins - Citi David Barden - Bank of America Peter Supino - Wolfe Research Craig Moffett - MoffettNathanson Frank Louthan - Raymond James Timothy Horan - Oppenheimer Walter Piecyk - LightShed Sam McHugh - BNP Paribas Bryan Kraft - Deutsche Bank Operator Good morning and welcome to the Verizon Second Quarter 2024 Earnings Conference Call.
The Truth Behind Verizon's Earnings Miss
Verizon is down, but the quarter was better than you think.
Why Verizon's stock is heading for its worst day in a year following earnings report
Verizon Communications Inc. returned to growth on a key subscriber metric in its wireless-phone business, but that wasn't enough to help its stock early in Monday's trading action.
Phone Upgrade Slowdown Pressures Verizon Stock
Verizon Communications Inc. (NYSE:VZ) announced a second-quarter revenue miss this morning amid a slowdown in phone upgrades, as cash-strapped consumers hold onto their devices for longer.
Verizon Dips On Q2, Time To Buy For Income
Verizon Communications Inc. Q2 earnings were solid, with revenue slightly below expectations but strong wireless growth and cost controls leading to outperformance in operating income and adjusted EBITDA. Despite concerns about debt, Verizon's free cash flow remains strong, with a well-covered dividend and plans for debt reduction in the future. Investors should consider Verizon for income, as the company is on track for significant free cash flow and growth in various financial metrics, with better days ahead.
Compared to Estimates, Verizon (VZ) Q2 Earnings: A Look at Key Metrics
The headline numbers for Verizon (VZ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
