What You Need To Know Ahead of Verizon’s Earnings Report Monday [Video]

Verizon Communications (VZ) is set to report first-quarter earnings before the opening bell Monday, as the telecommunications giant continues to work at expanding its 5G network and broadband internet businesses.

Analysts expect Verizon to post $33.2 billion in revenue, along with $4.61 billion in net income for diluted earnings per share (EPS) of $1.09, according to estimates compiled by Visible Alpha. Meeting those estimates would mean Verizon’s revenue increased from the first quarter of 2023, but income and EPS decreased year-over-year.

In the first quarter last year, Verizon posted $32.91 billion in revenue, and net income of $4.91 billion, which amounts to $1.17 per share, adding 437,000 broadband customers in a single quarter—the highest quarterly gain for this business metric that the company had posted in over a decade, according to Verizon.

Monday’s will be the first quarterly earnings report since Verizon posted a goodwill impairment charge of nearly $6 billion related to the reductionin value of …