VZ - Telecom Stocks Set To Soar: Goldman Sachs Previews Verizon AT&T T-Mobile's Upcoming Earnings | Benzinga
The wireless telecom sector is heating up.
Solid results are expected to drive stock prices higher as positive market growth, competitive dynamics and pricing actions set the stage for a bullish performance from the major players: Verizon Communications Inc (NYSE:VZ), AT&T Inc (NYSE:T) and T-Mobile US Inc (NASDAQ:TMUS).
Here’s a look at what Goldman Sachs' analyst James Schneider expects from these companies in the upcoming quarter.
Verizon Leads The Pack
- Top Pick for the Quarter: Verizon is Goldman's top pick for the upcoming quarter. Schneider expects Verizon to deliver solid results across multiple fronts, driven by improving wireless execution, continued momentum in fixed wireless access (FWA) and limited consumer broadband exposure.
- Key Metrics: Verizon's postpaid phone net adds are anticipated to show year-over-year improvement, while FWA continues to drive subscriber additions. Despite modest headwinds from consumer broadband, the overall outlook remains positive.
- Catalysts: Verizon could see an increase in the low ...