Adtran Holdings Inc Expected To Post A Loss Of 4 Cents A Share: Earnings Preview

Adtran Holdings

04/11/2024 21:52

* ADTRAN Holdings Inc  ADTN.OQ   ADTN.O  is expected to show
a
fall in quarterly revenue when it reports  results on November 6
for the period ending September 30 2024
    * The Huntsville Alabama-based  company is expected to
report a
16.7% decrease in revenue to $226.916 million from $272.33
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on August 6
2024, for the period ended September 30, was for revenue between
$215.00 million and $235.00 million.
    * ​LSEG's mean analyst estimate for ADTRAN Holdings Inc is
for a
loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ADTRAN
Holdings
Inc is 7.00​, above​ its last closing price of $6.18. ​​​

The company's guidance on August 6 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD-2.15 million and USD7.05 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.09       -0.09      -0.24     Missed  -166.7
 Jan. 1 2024   -0.11       -0.11      -0.02     Beat    81.4
 Jan. 1 0001   -0.12       -0.09      -1.09     Missed  -1,047
                                                        .4​
 Sep. 30 2023  -0.09       -0.09      -0.14     Missed  -55.6
 ​​Jun.        -0.01       0.00       0.00      Met     100
 30 2023                                                
 Mar. 31 2023  -0.03       0.04       -0.06     Missed  -242.9
                                                        ​
 Dec. 31 2022  0.16        0.16       0.12      Missed  -25
 Sep. 30 2022  0.18        0.18       0.11      Missed  -40.1
 This summary was machine generated November 4 at 21:52 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)