Verizon (NYSE: VZ ) reported mixed results for its third fiscal quarter on Tuesday, which included a slight earnings beat and weaker-than-expected revenue. However, the telecommunications company benefited from strong subscriber momentum in its core broadband business and Verizon earned a ton ofAnalyst’s Disclosure: I/we have a beneficial long position in the shares of VZ, T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not ...

Verizon Communications Inc VZ reported mixed fiscal third-quarter results on Tuesday.Its sales growth was flat year over year, reaching $33.33 billion, marginally missing the analyst consensus estimate of $33.43 billion. Service and other revenue growth was offset by declines in wireless equipment revenue. Adjusted EPS of $1.19 beat the analyst consensus estimate of $1.18.Postpaid phone net additions were 239,000. Verizon’s retail postpaid net additions were 349,000. The quarter saw 389,000 total broadband ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Verizon Communications Inc. (NYSE: VZ ), one of the largest telecommunication firms with a market capitalization of around $175 billion, recently announce ...

Goldman Sachs analyst James Schneider maintained a Buy rating on Verizon Communications Inc VZ with a price target of $52.Schneider summarized Verizon’s third-quarter print. Verizon’s quarterly results aligned closely with expectations.Revenue was $33.3 billion, matching Goldman Sachs’ estimate but slightly below the consensus of $33.5 billion.Also Read: Genuine Parts Q3 Earnings: Industrial Weakness And Europe Drag On Profit, Margins Shrink, Lowers Annual OutlookAdjusted EBITDA reached $12.5 billion, just ...

Verizon came up short on the top line in its earnings report.Shares of Verizon Communications (VZ -4.50%) were falling today after the telecom giant posted disappointing revenue results on weakness in wireless equipment and due to a slow phone upgrade cycle.As of 11:44 a.m. ET, Verizon stock was down 4.3%. Verizon underwhelmsVerizon's core wireless service business continued to deliver steady growth, up 2.7% to $19.8 billion with 239,000 retail postpaid netphone additions, meaning monthly paying customers. ...

Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have a beneficial long position in the shares of VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (oth ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Financial Data and Key Metrics - Wireless service revenue grew by 2.7% YoY, with the company reporting the highest-ever quarterly EBITDA of $2.5 billion [5] - Free cash flow for the quarter was $6 billion, reflecting strong cash flow generation [5] - Year-to-date wireless service revenue increased by 3.1%, or $1.8 billion, with adjusted EBITDA reaching $12.5 billion in Q3 [51] - Free cash flow year-to-date was $14.5 billion, consistent with the prior year, despite a $2.5 billion increase in cash taxes [51] Business Line Performance - Postpaid net adds were 239,000, with 81,000 phone net adds in the consumer segment [6][29] - Prepaid net adds turned positive, with approximately 80,000 net adds excluding SafeLink [6] - Business segment consistently added between 125,000 to 150,000 net adds per quarter [6] - Broadband net adds were 389,000, with fixed wireless access (FWA) subscribers growing by over 1.5 million [50] - FWA revenue exceeded $550 million per quarter, with nearly 12 million broadband customers [14] Market Performance - The company achieved its FWA target of 4-5 million subscribers 15 months ahead of schedule, with plans to double FWA subscribers to 8-9 million by 2028 [6][15] - Fios performance rebounded after a weaker Q2, with the team targeting 35-40 million fiber passings post-Frontier acquisition [6][15] - The company announced deals with FIFA and Madison Square Garden Group for private networks, leveraging mobile edge compute capabilities [7] Strategy and Industry Competition - The company is focused on expanding its total addressable market (TAM) through investments in fiber, FWA, and mobility, aiming to cover over 100 million households [15][16] - Verizon's strategy includes a mobility-first approach, with C-Band and millimeter wave deployments driving both mobile and FWA growth [19][22] - The company is leveraging AI for customer care personalization and operational efficiencies, with potential revenue opportunities in compute storage and mobile edge compute [13] - The refreshed brand and customer-first offerings, including myPlan and myHome, are resonating with the market [10][11] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year guidance for wireless service revenue and EBITDA, with performance at or above the midpoint [7][51] - The company is focused on sustainable growth in service revenue, EBITDA, and cash flow, driven by investments in broadband and mobility [16][58] - Management highlighted the importance of network resilience, especially during natural disasters, and the company's ability to quickly restore services [3][4] Other Important Information - The company announced a tower transaction and a spectrum acquisition from US Cellular, adding capacity and creating more competition in the market [12] - Verizon's loyalty program, myAccess, offers exclusive deals and once-in-a-lifetime experiences, contributing to customer retention [46][47] - The company is targeting 7 million perk subscriptions, with plans to double this number by 2025, driving margin-rich revenue streams [45][124] Q&A Session Summary Question: Thoughts on the BEAD program and the bifurcation of fiber and FWA opportunities - The company plans to participate in the BEAD program where it makes sense, focusing on ROI in the Fios footprint [61] - Verizon's strategy is to deploy C-Band for mobility first, with FWA as a secondary opportunity, offering customers optionality between Fios and FWA [62][63] Question: Fixed wireless cadence and service revenue growth expectations - The company expects FWA net adds to be on the lower end of 350,000-400,000 in the short term due to C-Band deployment in suburban and rural areas [65] - Management did not provide specific 2025 guidance but highlighted actions taken to position the company for sustained growth, including prepaid turnaround and FWA growth [67] Question: Free cash flow outlook and Frontier deal - Management did not guide on free cash flow but noted headwinds such as cash taxes and interest rates, while emphasizing EBITDA growth as a focus [73] - The Frontier deal is seen as fair and good for all stakeholders, with no plans to increase the offer price [72] Question: Fiber expansion pace and FWA targets - The company is comfortable with its current pace of fiber expansion, combining Fios and FWA to serve customers with optionality [76] - FWA targets include business customers, with plans to cover 90 million homes and businesses by 2028 [97][99] Question: AI and satellite opportunities - AI is seen as a long-term revenue opportunity, particularly in enterprise applications, while satellite connectivity is still in early stages for consumer use [107][108] - Network slicing and satellite connectivity are expected to provide new revenue streams, particularly in the business segment [108] Question: Growth expectations and AI impact on upgrade cycles - Management is focused on growing wireless service revenue sustainably, leveraging postpaid momentum and new investments in fiber and FWA [113] - AI's impact on consumer device upgrade cycles is still uncertain, with the company maintaining a disciplined approach to promotions and retention [116] Question: Perks portfolio and wholesale partnerships - The company is satisfied with its perks portfolio, focusing on exclusive, high-value offerings with strong customer savings and margin accretion [124][125] - Verizon's unique ability to combine perks like MAX and Netflix provides a competitive advantage, driving customer retention and revenue growth [127][128] Question: Fiber and wireless market share correlation - The company sees a 500 basis point improvement in wireless market share in markets with fiber, driven by better marketing, distribution, and cross-sell opportunities [132][133] - Fiber economics are improving due to cost reductions, faster penetration rates, and mobile-plus-home benefits [131][132]

3Q 2024 Earnings October 22, 2024 "Safe Harbor" Statement In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words "anticipates," "assumes," "believes," "estimates," "expects," "forecasts," "hopes," "intends ...

Verizon Communications TodayVZVerizon Communications$41.90 -1.80 (-4.12%) 52-Week Range$31.26▼$45.36Dividend Yield6.47%P/E Ratio15.69Price Target$46.31Add to WatchlistVerizon 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. The factor that seals the deal is the outlook for capital appreciation, which is central to the inve ...