VZ – Market expectations are for Uniform ROA to remain at recent lows, but management is confident about their initiatives, balance sheet, and 5G

• • • Verizon Communications (VZ:USA)currently trades below recent averages relative to UAFRS-based (Uniform) Earnings with a 15.9x Uniform P/E, implying muted expectations for the firm. However, management is confident about their initiatives, balance sheet, and 5G
    • Specifically, management is confident that operational efficiencies drove consolidated EBITDA improvements through business excellence initiatives, and in their commitment to strengthening their balance sheet. Additionally, they are confident that their unlimited plans provide value and choice for customers, and that they are at the forefront of innovation that will drive the full suite of 5G services and use cases as soon as customer equipment is ready