What's driving VZ's earnings volatility in 2024?

Verizon's (VZ) earnings volatility in 2024 can be attributed to several factors: 1. **Churn and Pricing Dynamics**: Verizon expects its Consumer Group postpaid phone net additions to be affected by three to five basis points of churn, primarily due to competitive intensity and recent pricing actions. This indicates that pricing strategies and market dynamics are influencing its financial performance. 2. **Investment in Growth Areas**: Verizon is focusing on generating growth in wireless service revenue, free cash flow, and earnings before interest, taxes, depreciation, and amortization (EBITDA). The company's investment in areas like wireless services and fixed wireless access suggests that these strategic initiatives may impact short-term earnings volatility as they scale up. In conclusion, Verizon's 2024 earnings volatility appears to be a result of a combination of factors including market dynamics, pricing strategies, and investment in growth areas.