Verizon Communications . (NYSE:VZ) will announce third quarter results later this week. The stock is under because Verizon Communications is losing its subscribers amid changing industry environment. Verizon Communications is burning a lot of cash amid various acquisitions ( Yahoo! , AOL, a stake in Vodafone ) to diversify its business. As a result the company’s debt has crossed $110 billion mark.
Analysts think that Verizon Communications ’s competitor AT&T is in a better position to face the challenges because it is acquiring Time Warner , the biggest media entity. Verizon Communications ’s efforts on Yahoo! and AOL will take a lot of time to realize into a tangible benefit. If Verizon Communications reports a subscriber decline in the third quarter, the stock will plummet heavily.
Over the current book year the total revenue will be 124,94 billion USD (consensus estimates). This is slightly lower than 2016's revenue of 125,98 billion USD.
The analysts expect for 2017 a net profit of 15,3 billion USD. The majority of the analysts expects for this year a profit per share of 3,76 USD. So the price/earnings-ratio equals 12,79.
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