Earnings Preview: Verizon Communications

| About: Verizon Communications (VZ)

Verizon Communications (NYSE:VZ) is expected to report Q1 earnings before the market open on Thursday, April 19, with a conference call scheduled for 8:30 am ET.


Analysts are looking for EPS of 58c on revenue of $28.17B. The consensus range is 56c-60c for EPS, and revenue of $27.87B-$28.55B, according to First Call. Verizon reported mixed Q4 results, narrowly missing adjusted EPS, but beating revenue estimates. On its Q4 conference call, the company's CFO, Francis Shammo, said there was "tremendous confidence" in long term growth prospects and wireline margin expansion in 2012. He added that for FY12, $2.20 was a "logical starting point" for EPS estimates. Current consensus is $2.47. The shares have traded in a narrow range since Q4 results were released in late January. They briefly approached their 52-week high of $40.48 in late March, but have fallen approximately 7% since then. Since hitting a 52-week low of $32.28 in August of last year, the shares are up approximately 17%, and currently sit near two-year highs. With so much good news discounted in the shares, investors will need exceptional results to justify further commitments.

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Tagged: , Telecom Services - Domestic, Earnings
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