Verizon, a leading wireless provider, is set to announce its Q1 2024 financial results on April 22. Analysts project revenues of approximately $33.3 billion for the quarter, in line with expectations but down 1% from the previous year. Earnings are estimated at $1.13 per share, slightly above the consensus of $1.12 per share.
One key driver of Verizon's performance is its progress in the 5G arena. The company has been addressing its 5G spectrum limitations by acquiring and deploying new C-band spectrum, leading to improved customer numbers. In Q4 2023, Verizon added 449,000 postpaid phone customers, a significant increase from the previous year. Additionally, Verizon's myPlan program, offering customizable features like video streaming subscriptions, has been well-received by customers, potentially boosting revenues and margins.
