Analysts expect Verizon (VZ) to report a ~1.0% rise in its consolidated revenues to $132.2 billion in 2019 compared to $130.9 billion in 2018. The company’s adjusted EPS are expected to be $4.66 in 2019 compared to $4.71 in 2018.
During Verizon’s fourth-quarter earnings conference call, the company’s management offered key insights into the outlook for 2019. In the full-year 2019, Verizon expects its consolidated revenue to rise at a low-single-digit percentage rate. In addition, the management stated, “We expect our adjusted EPS in 2019 to be approximately the same as our adjusted 2018 EPS, excluding the impact of the new lease accounting standard.” Verizon also expects its capital expenditures to be between $17.0 billion–$18.0 billion for 2019, which includes the expanded commercial launch of 5G technology.
In the fourth quarter, Verizon’s adjusted EPS rose ~30.2% YoY to $1.12, beating analysts’ estimates of $1.09. However, Verizon’s total revenues missed analysts’ expectations by ~0.5% in the fourth quarter. The company’s total revenues rose ~1.0% YoY to $34.3 billion in the fourth quarter.