Adtran Holdings Inc Expected To Post A Loss Of 9 Cents A Share: Earnings Preview

Adtran Holdings

24/02/2024 01:22

* ADTRAN Holdings Inc  ADTN.OQ   ADTN.O  is expected to show
a
fall in quarterly revenue when it reports  results on February
26 for the period ending December 31 2023
    * The Huntsville Alabama-based  company is expected to
report a
36.0% decrease in revenue to $229.125 million from $358.27
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on November
7 2023, for the period ended December 31, was for revenue
between $210.00 million and $240.00 million. (Revenue is on
Total Revenue basis)
    * ​LSEG's mean analyst estimate for ADTRAN Holdings Inc is
for a
loss of 9 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ADTRAN
Holdings
Inc is $8.50​, above​ its last closing price of $6.11. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD-14.7 million and USD0.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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       0.04       -0.06     Missed  -242.9
                                                        ​
 Dec. 31 2022  0.16        0.16       0.12      Missed  -25
 ​​Sep.        0.18        0.18       0.11      Missed  -40.1
 30 2022                                                
 Jun. 30 2022  0.12        0.11       0.19      Beat    67.5​
 Mar. 31 2022  0.05        0.05       0.20      Beat    321.1
 Dec. 31 2021  -0.01       -0.02      0.10      Beat    699.9
 This summary was machine generated February 24 at 01:22 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)