Verizon Communications Inc. (VZ), headquartered in New York, operates as a telecommunication company providing communications, technology, information, and entertainment products and services to its customers. Valued at $166.7 billion by market cap, the company offers wireless services through its 4G LTE and 5G networks, broadband internet via its Fios fiber-optic service, and traditional DSL options, IoT products, and enterprise solutions. The telecom giant is expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Friday, Jan. 24.
Ahead of the event, analysts expect VZ to report a profit of $1.11 per share on a diluted basis, up 2.8% from $1.08 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
