$VZ · Schwab Network · 2026-10-26
Verizon今年跑赢同行，且比T-Mobile更为成熟。其EPS超预期，后付费电话净增用户为五年多来最佳第三季度，调整后EBITDA同比增长8%，但营收不及预期，手机销售正在放缓。SpaceX的移动业务可能随时间推移对行业构成压力，但Verizon目前仍保持稳健。
逐段跳播
Verizon与同行相比表现更好。是的，Verizon今年表现更好。这也取决于公司所处的周期。T-Mobile仍然更像一家成长型公司，而Verizon则更像一家成熟的企业。
Verizon to its peers compared to its peers has done better. Yeah, Verizon has done better this year. It just kind of depends on the cycle of the company as well. You still have T-Mobile as a little bit more of a growth company where Verizon's a little bit more of an established uh business, if you will.
现在，他们确实公布了财报，调整后每股收益确实超出了华尔街预期，达到1.31美元。她此前预期约为1.27美元。所以，这同比增长约8.3%。
Now, they did actually report earnings and the adjusted earnings per share did beat the streets expectations coming in at $1.31. She was looking for around $127. So, that's about an 8.3% increase on a year-over-year basis.
现在，营收确实不及预期。营收为343亿美元。她此前预期为347.4亿美元。但深入看，这只股票有一些非常积极的迹象。本季度他们净增40.6万后付费电话用户。这是他们五年多来最好的第三季度。
而且同比增长超过820%。净增13.7万后付费账户，这也是他们十多年来最好的。
Now, the revenue did actually miss. It came in at $34.3 billion. She was looking for $34.74 billion. But when you're looking under the hood, there are some very positive signs when it comes to this name.
They have 406,000 post-paid phone ads, net phone ads for the quarter. That's the best Q33 that they've seen in over five years. And it's up more than 820% on a year-over-year basis. 137,000 postpaid net accounts uh is the best that they've seen over a decade as well.
所以，他们实际上仍在看到用户入网活动。你看到的疲软实际上是手机销售本身在放缓或减速。但公司能够公布约138亿美元的调整后EBITDA。这同比增长8%。所以，这只股票实际上在基本面方面表现不错。
So, they are actually still seeing onboarding activity. The weakness that you are seeing is actually the phone sales themselves is actually slowing or decelerating. But the company was able to post an adjusted EVIDA of about 13.8 billion.
That's an 8% increase on a year-over-year basis. So, this name actually has been able to perform on a fundamental basis.
我认为，对于T-Mobile或Verizon这样的公司来说，最重要的事情将是我们将从SpaceX及其移动业务中听到的竞争叙事。我认为随着时间推移，随着马斯克继续扩展他们的业务组合，你会看到这个行业承受很大压力。但目前他们实际上能够撑住。
I think the big thing when it comes to these companies like a T-Mobile or Verizon is going to be the competition narrative that we're going to hear uh coming from space SpaceX and their their mobility business.
I think over time that's where you are going to see a lot of pressure being put down put on this industry as Elon continues to expand out their portfolio. But for now they're actually able to hold up.
这只股票实际上在上涨，或者说今早早些时候在上涨。它可能已经反转了。
The stock is actually advancing or was advancing earlier this morning. It may have reversed.
这个频道对 $VZ 的历次判断
Schwab Network 在这只股票上共 4 条判断，这里只列相邻的几条。