Adtran Holdings Inc Expected To Post A Loss Of 11 Cents A Share: Earnings Preview

Adtran Holdings

04/05/2024 03:59

* ADTRAN Holdings Inc  ADTN.OQ   ADTN.O  is expected to show
a
fall in quarterly revenue when it reports  results on May 6 for
the period ending March 31 2024
    * The Huntsville Alabama-based  company is expected to
report a
30.8% decrease in revenue to $224.025 million from $323.91
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended March 31, was for revenue between
$210.00 million and $240.00 million.
    * ​LSEG's mean analyst estimate for ADTRAN Holdings Inc is
for a
loss of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 12.0%
in the last three months. ​
    * Wall Street's median 12-month price target for ADTRAN
Holdings
Inc is $7.75​, above​ its last closing price of $4.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.12       -0.09      -1.09     Missed  -1,047
                                                        .4
 Sep. 30 2023  -0.09       -0.09      -0.14     Missed  -55.6
 Jun. 30 2023  -0.01       0.00       0.00      Met     100​
 Mar. 31 2023  -0.03                  -0.06             -242.9
 ​​Dec.        0.16        0.16       0.12      Missed  -25
 31 2022                                                
 Sep. 30 2022  0.18        0.18       0.11      Missed  -40.1​
 Jan. 1 0001   0.12        0.11       0.19      Beat    67.5
 Mar. 31 2022  0.05        0.05       0.20      Beat    321.1
 This summary was machine generated May 4 at 02:59 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)