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AT&T or Verizon: Which Is Expected to Report Faster EPS Growth?

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Dec. 4 2020, Updated 10:42 a.m. ET

Verizon’s earnings trend

Verizon (VZ) reported adjusted EPS of $4.71 in 2018 compared to $3.74 in 2017, a ~25.9% YoY (year-over-year) rise. In the fourth quarter, the telecommunications company reported adjusted EPS of $1.12 compared to $0.86 in the fourth quarter of 2017, a ~30.2% YoY rise.

Analysts expect Verizon’s adjusted EPS to fall 0.9% YoY to $1.16 in the first quarter and 1.1% YoY to $4.66 in 2019. However, analysts expect Verizon’s adjusted EPS to rise 2.4% YoY to $4.77 in 2020 and 2.1% YoY to $4.87 in 2021.

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AT&T’s earnings trend

AT&T (T) reported adjusted EPS of $3.52 in 2018 compared to $3.05 in 2017, a ~15.4% YoY rise. In the fourth quarter, the company reported adjusted EPS of $0.86 compared to $0.78 in the fourth quarter of 2017, a ~10.3% YoY rise.

Analysts expect AT&T’s adjusted EPS to rise 1.2% YoY to $0.86 in the first quarter, 1.7% YoY to $3.58 in 2019, 1.7% YoY to $3.64 in 2020, and 0.5% YoY to $3.66 in 2021.

In comparison, analysts expect T-Mobile’s (TMUS) adjusted EPS to rise 17.9% YoY to $0.92 in the first quarter, 15.8% YoY to $3.89 in 2019, 21.6% YoY to $4.73 in 2020, and 31.1% YoY to $6.20 in 2021.

Meanwhile, Sprint (S) is expected to report adjusted EPS of -$0.02 in the fourth quarter of fiscal 2018 (which ends on March 31) compared to $0.02 in the fourth quarter of fiscal 2017.

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