China Finance Inc
Change company Symbol lookup
Select an option...
CHFI China Finance Inc
SU Suncor Energy Inc
CUBI Customers Bancorp Inc
SMIT Schmitt Industries Inc
BA Boeing Co
AMSWA American Software Inc
V Visa Inc
SVFB SVF Investment Corp 2
DMO Western Asset Mortgage Opportunity Fund Inc
SHAK Shake Shack Inc
Go

Financials : Capital Markets |
Company profile

China Finance, Inc., through its wholly owned subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation (SHY), is engaged in providing surety guarantees for privately owned small and medium enterprises (SMEs) (or operating companies) in the People’s Republic of China entering into transactions, whereby the SME will be acquired by a publicly traded United States reporting company in a reverse merger or other merger and acquisition transaction; providing loan guarantees to assist SMEs and individuals in China in obtaining loans from Chinese banks for business operations and/or personal use, and making direct loans to SMEs for business operations. In addition, the Company is seeking direct investments (including, without limitation, controlling investments) in SMEs that would be made through the Company’s wholly owned subsidiary, Value Global International Limited.

Closing Price
$0.00
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.00
Day's Low
0.00
Volume
10,000

Verizon earnings preview: After stemming losses, can real momentum now build?

6:06 pm ET January 23, 2023 (MarketWatch)
Print

By Emily Bary

The company posts fourth-quarter earnings before the opening bell Tuesday

Verizon Communications Inc. already disclosed that it reversed its negative subscriber trends in the fourth quarter, but there's more to be shared about the company's story.

The wireless giant is set to post fourth-quarter results Tuesday morning amid continued skepticism on Wall Street about the company's ability to drive a bigger change in its business. Verizon (VZ) may have stemmed the bleeding after three quarters in a row of subscriber declines in its consumer postpaid business, but analysts, who are mainly neutral-rated on the stock, have questions about Verizon's ability to pick up real momentum in a competitive wireless market.

See more: What's ahead for Verizon? After a dismal 2022, it's time to hear the turnaround plan

Here's what to expect ahead of Verizon's report, which is due out before Tuesday's opening bell.

What to expect

Earnings: Analysts tracked by FactSet expect the company to post adjusted earnings per share of $1.19 for the fourth quarter, down from $1.31 a year before. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.22 a share.

Revenue: Analysts surveyed by FactSet anticipate that Verizon generated $35.09 billion in revenue for the latest quarter, up from $34.10 billion a year before. Those contributing to Estimize expect $35.16 billion on average.

Stock movement: Verizon shares have fallen following each of the company's past four earnings reports. The stock is up 12% over the past three months, though it's fallen 25% over a 12-month span.

Of the 28 analysts tracked by FactSet who cover Verizon's stock, seven have buy ratings, 19 have hold ratings, and two have sell ratings, with an average price target of $44.34.

What to watch for

While Verizon Chief Executive Hans Vestberg already teased that the company achieved its goal of positive consumer subscriber growth in the fourth quarter, but the company has yet to reveal the scale of those gains.

Evercore ISI analysts led by Vijay Jayant expect that the company saw 50,000 postpaid phone net additions in its consumer business, down from the 336,000 it saw in the fourth quarter of 2021. They anticipate that Verizon saw a 12-basis-point increase in its churn relative to a year ago.

Don't miss: Looking for clues about iPhone supply? Ask AT&T, Verizon and T-Mobile

The company's outlook for fiscal 2023 will also be of key interest.

"We are expecting Verizon's 2023 guidance to be impacted by the same competitive and macro pressures that led to management lowering 2022 guidance in July -- cost inflation, competition, increased promotional subsidies, higher interest rates, and business vs. consumer customer growth mix," wrote Deutsche Bank analyst Bryan Kraft. In addition, he notes the potential for "a slower demand ramp in 5G mobile edge compute services and higher cash taxes (possibly, depending on management's assumptions underlying the FCF [free-cash-flow] guidance)."

However, such pressures "appear to already be reflected in consensus estimates," Kraft added.

See also: AT&T could 'turn the corner' on a key metric this year

Verizon's narrative continues to invite skepticism on Wall Street.

"We find the near-term setup to be negative for VZ with the valuation abovehistorical averages and fundamentals struggling to show sustainable growth," wrote KeyBanc Capital Markets analyst Brandon Nispel, who has a sector-weight rating on the stock. "We are below consensus estimates and see headwinds to EPS [earnings-per-share] growth that are likely to cause a short-term negative reaction to the stock."

-Emily Bary

	

(END) Dow Jones Newswires

January 23, 2023 18:06 ET (23:06 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.