Verizon Communications Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Verizon Communications, Inc. (NYSE:VZ) will unveil its latest earnings on Tuesday, January 24, 2012. Verizon Communications provides communications services.

Verizon Communications, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 54 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 58 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 56 cents during the last month. For the year, analysts are projecting profit of $2.17 per share, a rise of 18.6% from last year.

Past Earnings Performance: Last quarter, the company saw net income of 56 cents per share versus a mean estimate of profit of 56 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: On average, analysts predict $28.38 billion in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $110.86 billion for the year, a rise of 4% from last year’s revenue of $106.56 billion.

Analyst Ratings: Analysts seem relatively indifferent about Verizon Communications with 17 of 31 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 56.5% to $1.38 billion (49 cents a share) from $881 million (31 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.4% to $27.91 billion from $26.48 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 2.8% in the second quarter from the year earlier and 0.3% in the first quarter.

Competitors to Watch: AT&T Inc. (NYSE:T), Sprint Nextel Corporation (NYSE:S), Deutsche Telekom AG (DTEGY), MetroPCS Communications, Inc. (NYSE:PCS), Vodafone Group Plc (NASDAQ:VOD), CenturyLink, Inc. (NYSE:CTL), NTELOS Holdings Corp. (NASDAQ:NTLS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), Windstream Corporation (NASDAQ:WIN), and United States Cellular Corp. (NYSE:USM).

Stock Price Performance: During November 17, 2011 to January 18, 2012, the stock price had risen $2.78 (7.7%) from $36.23 to $39.01. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 31, 2011 when shares rose for 12-straight days, rising 12.4% (+$4.03) over that span. It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven-straight days, falling 2.1% (-75 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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