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VZ / Verizon: Q3 2023 Earnings, Improved FCF Outlook, And Strengthening Balance Sheet

Verizon: Q3 2023 Earnings, Improved FCF Outlook, And Strengthening Balance Sheet
Verizon's 3Q23 earnings results showed a 2.6% decrease in revenues, but wireless service revenue grew 2.9% year-over-year. Consumer postpaid phone net adds improved. Verizon's free cash flow increased by over 28% year-over-year, as the company is coming out of its high-capex cycle. This should lead to more free cash flow available for paying down debt. At an annual deleveraging of $8 billion, share buybacks should be relevant for discussions in two years. Read More
Posted: Oct 29 2023, 20:20
Author Name: Seeking Alpha
Views: 112176

VZ News  

Why Verizon's Stock Is a Must-Buy Now

By The Motley Fool
November 4, 2023

Why Verizon's Stock Is a Must-Buy Now

Verizon's business is improving quickly, and the value in the stock is too good to pass up. more_horizontal

Verizon says it making interim CFO permanent

By Reuters
November 1, 2023

Verizon says it making interim CFO permanent

Verizon Communications said Wednesday it was naming Tony Skiadas as chief financial officer. more_horizontal

Verizon Communications Inc. (VZ) Is a Trending Stock: Facts to Know Before Betting on It

By Zacks Investment Research
October 30, 2023

Verizon Communications Inc. (VZ) Is a Trending Stock: Facts to Know Before Betting on It

Verizon (VZ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the sto more_horizontal

Verizon: Q3 2023 Earnings, Improved FCF Outlook, And Strengthening Balance Sheet

By Seeking Alpha
October 29, 2023

Verizon: Q3 2023 Earnings, Improved FCF Outlook, And Strengthening Balance Sheet

Verizon's 3Q23 earnings results showed a 2.6% decrease in revenues, but wireless service revenue grew 2.9% year-over-year. Consumer postpaid phone net more_horizontal

Verizon's Stock Is Now Too Good to Pass Up

By The Motley Fool
October 28, 2023

Verizon's Stock Is Now Too Good to Pass Up

Verizon's business is heading in the right direction, which should help the stock. more_horizontal

Why Verizon's Dividend Is NOT Safe Despite Rising Free Cash Flow

By The Motley Fool
October 27, 2023

Why Verizon's Dividend Is NOT Safe Despite Rising Free Cash Flow

Verizon forecast significantly higher 2023 free cash flow. Its dividend yield is nearly five times higher than the S&P 500 average. more_horizontal

Good News for Verizon Stock Investors: The Telecom Giant Is Solving Its Biggest Problem

By The Motley Fool
October 27, 2023

Good News for Verizon Stock Investors: The Telecom Giant Is Solving Its Biggest Problem

Verizon's previous spectrum deployment was poorly executed and allowed T-Mobile to gain market share. The company deployed more C-band spectrum in the more_horizontal

Is It Too Late for Passive Income Investors to Buy Verizon Stock?

By The Motley Fool
October 26, 2023

Is It Too Late for Passive Income Investors to Buy Verizon Stock?

Verizon impressed investors with its quarterly performance. more_horizontal


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