The wireless phone and cable TV provider Verizon Communications Inc. (NYSE:VZ )will announce fourth-quarter results before the market opens on Tuesday, as company apparently hesitating on whether to continue with its planned $4.83 billion acquisition of Yahoo! Inc. (NASDAQ:YHOO).
According to analyst, Verizon is will post earnings of 89 cents. That would be exactly similar to what company posted during the same quarter a year ago, but nearly 12% down in contrast with the $1.01 the company posted during its most recent third quarter. Verizon has topped or otherwise met the FactSet consensus on earnings per share in eight of the past 10 quarters.
Estimize, which analyses estimates from sell-side and buy-side analysts, hedge-fund managers, executives, academics and others, predicts Verizon to post earnings of 91 cents per share.
Meanwhile for revenue analysts predicting to hit $32.15 billion, drop of more than 6% in contrast with the $34.25 billion the company posted year ago, but that will be rise over the most recent third quarter’s $30.94 billion in revenue. Verizon has topped or otherwise met FactSet revenue consensus in five of the last 10 quarters.
Verizon stock has surged nearly 19% in the trailing 12-month period, and have rose more than 7% in the last quarter. In contrast with, the S&P 500 Index is up nearly 22% in the past 12 months, while the Dow Jones Industrial Average is up 25% and the Nasdaq Composite Index has increased nearly 24% in the past 12 months.
Furthermore Verizon has been quite indecisive on whether it still wants to negotiate a deal with Yahoo for the company’s core internet business, or coming out of the acquisition on the table.
However Verizon Communications Inc. (NYSE:VZ) reportedly requires assets to help it rival the likes of AT&T Inc., which along with nabbing DirecTV has proposed an $85.4 billion acquisition of Time Warner Inc.