Deutsche Bank Anticipates VZ 4Q To Be In-Line Adjusted EPS Of $0.55

Deutsche Bank is anticipating Verizon Communications' (NYSE: VZ) 4Q results, which are due Tuesday, January 25.

“We anticipate in-line adjusted EPS of $0.55,” Deutsche Bank writes. “Our est adjusts for the change in pension accounting, but excludes the 1x non-cash charge of $600M. In wireless, we estimate EBITDA margin of 45.8% down from 47.2% in 3Q on seasonal pressures. In wireline, we anticipate a 3rd consecutive quarter of sequential EBITDA margin expansion (est 22.8%, up 10 bp QoQ) on FiOS momentum (est 185k data and TV net adds) and ongoing force reductions.

“Despite positive NT trends, we remain cautious on the stock's extended valuation. Reiterate Hold.”

Verizon Communications closed Friday at $34.95.