Verizon Communications (VZ) Reports In-Line Q4 EPS, FY23 EPS Guidance Misses

Verizon Communications (NYSE: VZ) reported Q4 EPS of $1.19, in-line with the analyst estimate of $1.19. Revenue for the quarter came in at $35.3 billion versus the consensus estimate of $35.11 billion.

GUIDANCE:

Verizon Communications sees FY2023 EPS of $4.55-$4.85, versus the consensus of $4.97.

• Total wireless service revenue growth4 5 of 2.5 percent to 4.5 percent.
• Adjusted EBITDA1 of $47.0 billion to $48.5 billion.
• Adjusted EPS1 of $4.55 to $4.85.
• Adjusted effective income tax rate1 in the range of 22.5 percent to 24.0 percent.
• Capital spending in the range of $18.25 billion to $19.25 billion, including the final approximately $1.75 billion of the incremental $10 billion of C-Band-related capital spending.

For earnings history and earnings-related data on Verizon Communications (VZ) click here.

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