Telecom carriers such as Verizon (VZ - Get Report), AT&T (T), Sprint (S) and T-Mobile- MetroPCS (PCS) also face a key earnings test as they try to repair hurricane-damaged networks and continue with recently announced network expansion and consolidation efforts.
As of Wednesday, Hurricane Sandy is reported to have hit the infrastructure of the nation's largest carriers. According to Reuters, the nation's leading carrier and New York-area powerhouse Verizon (VZ - Get Report) may have come out of the storm with the worst damage after flooding and power outages hit the company's offices in Lower Manhattan, Queens and Long Island.
Late on Tuesday, Evercore Partners telecom analysts, led by Jonathan Schildkraut, put out initial calculations on the impact of Sandy on telecoms, highlighting key earnings and service scenarios."While it's still too early to determine how much the storm could impact the carriers financially, we do look at last year's storm, Irene, as a guide. Irene (in addition to Tropical Storm Leo) -- which notably impacted Verizon's total footprint -- led to roughly a 5-cent impact to 2011 EPS and slower FiOS customer growth in