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What to Expect of Verizon’s Postpaid Phone Net Additions in Q1



Verizon’s postpaid phone net additions

Verizon (VZ), the largest wireless carrier in the United States, is looking to showcase its strength as it nears its first-quarter earnings release. The telecommunications company is expected to report its results for the first quarter on April 23.

On that day, Verizon is expected to report adjusted EPS of $1.17, unchanged on a YoY (year-over-year) basis. Meanwhile, Wall Street analysts expect Verizon’s total revenue to rise ~1.2% YoY to reach $32.1 billion in the first quarter. In addition, the company is expected to report a loss of 10,000 postpaid phone net customers compared to its net loss of 24,000 in the first quarter of 2018.

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In the fourth quarter of 2018, Verizon reported a net increase of 1.2 million retail postpaid connections. This number included 653,000 net phone additions, 11,000 net tablet additions, and 556,000 net additions of other connected devices, such as wearables.

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Peer comparison

In comparison, T-Mobile (TMUS) is expected to report 703,000 postpaid phone customer net additions in the first quarter. AT&T (T) is expected to report 40,000 postpaid phone customer net additions. Sprint (S) is expected to report a loss of 216,000 postpaid phone net customers in the same quarter.


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