Vodafone Group (NASDAQ:VOD) Posts Quarterly Earnings Results, Misses Expectations By $1.79 EPS

Vodafone Group (NASDAQ:VOD) issued its quarterly earnings data on Tuesday. The cell phone carrier reported ($1.18) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.79), FiscalAI reports. The firm had revenue of $12.38 billion during the quarter, compared to analysts’ expectations of $25.32 billion.

Here are the key takeaways from Vodafone Group’s conference call:

• Vodafone raised FY 2027 guidance; the midpoint now implies about 7% organic Adjusted EBITDAaL growth and 21% Adjusted free cash flow growth.
• First-half momentum strengthened, with Q2 service revenue growth accelerating to 6.4%, and Vodafone Business growing 6.6%; Africa and Türkiye also delivered double-digit organic growth.
• Vodafone reported more than €200 million of gross savings in the first half and expects over €200 million of net OpEx savings this fiscal year, as it works toward more than €1 billion in annual net savings by FY 2030.
• Germany remains a challenge despite improving broadband and B2B trends. The ECJ ruling reduced EBITDA by about €100 million in the half, Vodafone recorded a non-cash impairment, and it announced another 2,300 role reductions.
• Vodafone’s increased Safaricom stake is facing a legal challenge in Kenya; the company said the appeal is being fast-tracked and that the court has maintained the status quo while the process continues.

Vodafone Group Stock Performance

Shares of NASDAQ VOD traded down $0.24 during trading on Thursday, hitting $15.40. 337,662 shares of the company were exchanged, compared to its average volume of 4,073,861. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The firm’s fifty day moving average price is $16.31 and its 200 day moving average price is $15.45. Vodafone Group has a 1 year low of $11.71 and a 1 year high of $17.71.

Vodafone Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, February 3rd. Stockholders of record on Friday, November 20th will be issued a $0.2588 dividend. This represents a dividend yield of 334.0%. The ex-dividend date of this dividend is Friday, November 20th.

Wall Street Analyst Weigh In

A number of analysts recently commented on VOD shares. Deutsche Bank reiterated a “buy” rating on shares of Vodafone Group in a research note on Friday, October 9th. Morningstar downgraded Vodafone Group to a “hold” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. Finally, Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.13.

Vodafone Group Company Profile

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations. The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.