Verizon Communications (VZ) is expected to report Q4 earnings before the market open on Tuesday, January 24, with a conference call scheduled for 8:30 am ET.
Guidance
Analysts are looking for EPS of 53c on revenue of $28.39B. The consensus range is 50c-56c for EPS, and revenue of $27.99B-$28.79B, according to First Call. Verizon reported positive Q3 results, narrowly beating EPS and revenue estimates. On its Q3 conference call, the company said it emerged from Q3 in a strong position to accelerate growth. Management said the company would meet FY11 EPS targets and that it expected ARPU to improve in Q4. iPhone 4S demand continues to be strong which should boost earnings. The shares have advanced modestly since Q3 results were released, hitting a 52-week high of $40.48 in late December. Since hitting a 52-week low in August of last year, the shares are up approximately 20%, and are currently trading near its two-year highs made a month ago. With so much good news discounted in the shares, investors will need exceptional results to justify further commitments.
