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Verizon Communications Tops Q3 EPS by 3c, Offers Guidance

Published 10/21/2022, 07:31 AM
Updated 10/21/2022, 07:43 AM

Verizon Communications (VZ) reported Q3 EPS of $1.32, $0.03 better than the analyst estimate of $1.29. Revenue for the quarter came in at $34.2 billion versus the consensus estimate of $33.78 billion.


Verizon Communications sees FY2022 EPS of $5.10-$5.25, versus the consensus of $5.19.

  • Reported wireless service revenue growth4 of 8.5 to 9.5 percent.
  • Reported service and other revenue growth of minus 1 percent to flat.
  • Adjusted EBITDA1 growth of minus 1.5 percent to flat.
  • Adjusted EPS1 of $5.10 to $5.25.
  • Adjusted effective income tax rate1 in the range of 23 percent to 25 percent.
  • Capital spending, excluding C-Band, in the range of $16.5 billion to $17.5 billion. Additional expenditures related to the deployment of the company's C-Band 5G network are expected to be in the range of $5 billion to $6 billion

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