Verizon Communications Full Year 2024 Earnings: EPS Beats Expectations

Verizon Communications (NYSE:VZ) Full Year 2024 Results

Key Financial Results

• Revenue: US$134.8b (flat on FY 2023).
• Net income: US$17.5b (up 51% from FY 2023).
• Profit margin: 13% (up from 8.7% in FY 2023).
• EPS: US$4.15 (up from US$2.76 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Verizon Communications EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.

The primary driver behind last 12 months revenue was the Consumer segment contributing a total revenue of US$102.9b (76% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$28.2b (45% of total expenses). Explore how VZ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Verizon Communications that you should be aware of.

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