Key Takeaways From Verizon’s Q1 Results
Verizon (NYSE:VZ), the largest U.S. wireless carrier, posted a relatively strong set of Q1 2016 numbers that were largely in line with market estimates. While Verizon’s bread and butter wireless operations saw some revenue pressure, on account of lower postpaid service billings and the shift towards equipment installment plans, margins expanded, driven by lower handset subsidies, better cost management and a focus on higher-value smartphone users. The carrier’s postpaid subscriber adds (640k for the quarter) continued to be driven by tablets, as phone net adds remained negative. Things were slightly more challenging on the wireline front, as traditional landline services continued to witness declines, while the uptake for FiOS services also slowed down significantly. Below, we present some of the key metrics and takeaways from the company’s earnings release.
- With Mid-Band 5G Gaining Momentum, What To Expect From Verizon’s Q1 Results?
- Up 8% Year To Date As 5G Gains Traction, What’s Next For Verizon Stock?
- Up 25% Over The Last Three Months, Will Verizon See Further Gains Following Q4 Results?
- Down 50% From Covid Highs, Will Verizon Stock Recover Post Q3 Results?
- Will Verizon Stock Recover To Its Pre-Inflation Shock Highs?
- Verizon Stock Has Over 60% Upside If It Recovers To Its Pre-Inflation Shock Highs
References:
Verizon Communications (VZ) Q1 2016 Results – Earnings Call Transcript, Seeking Alpha, April 2016
Verizon Q1 2016 Earnings Press Release
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively.
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