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Earnings Preview: AT&T and Verizon Communications

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The following is an excerpt from Nicholas Jasinski | July 23, 2018 | Barrons.com |

U.S. telecom giants Verizon Communications (VZ) and AT&T (T) will release second-quarter earnings Tuesday – Verizon before the market open, at 7:25 am, and AT&T immediately after the market close. Wall Street expects both to report increased profits, but analysts will likely have plenty of questions for management after an eventful past few months in the telecommunications sector.

Here’s what to look for from both companies tomorrow:
Verizon Communications (reporting 7:25 a.m.)

Consensus Expected Revenue: $31.8 billion (+4.0% year-over-year)

Consensus Expected EPS: $1.14 (+18.8% year-over-year)

While AT&T attempts to transform itself into the vertically integrated media creator and provider of the future, Verizon has doubled down on its core businesses, largely staying out of the battle to acquire its own content besides small acquisitions of Yahoo! and AOL in recent years. The $210 billion company emphasized its focus on its technological capabilities by appointing Hans Vestberg, current chief technology officer, its next CEO, effective Aug. 1.

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