Verizon Sees FY23 Adj. EPS $4.55-$4.85 vs $4.68 Est., Total Wireless Services Revenue Growth 2.5-4.5%
Portfolio Pulse from Bill Haddad
Verizon has projected its FY23 adjusted EPS to be between $4.55 and $4.85, compared to the estimated $4.68. The company also expects its total wireless services revenue growth to be between 2.5% and 4.5%.
July 25, 2023 | 11:03 am
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NEUTRAL IMPACT
Verizon's FY23 adjusted EPS is projected to be $4.55-$4.85, which may be lower than the estimated $4.68. The company's total wireless services revenue growth is expected to be 2.5-4.5%.
The news directly pertains to Verizon's financial performance. The projected EPS range has a lower midpoint than the estimated $4.68, which could potentially impact the stock negatively. However, the expected growth in wireless services revenue could offset this. The overall impact is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100