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

Adtran Holdings

06/05/2023 03:03

* ADTRAN Holdings Inc  ADTN.OQ   ADTN.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 8. 
    * The Huntsville Alabama-based  company is expected to
report  a
119.1% increase in revenue to $338.551 million from $154.52
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
April 11 2023, for the period ended March 31, was for revenue
between $322.00 million and $326.00 million.
    * ​Refinitiv's mean analyst estimate for ADTRAN Holdings Inc
is
for earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $18.5​, above​ its last closing price of $8.75. ​​​

The company's guidance on April 11 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-8.2 million and USD-3.2 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.16        0.16       0.12      Missed  -25
 Sep. 30 2022  0.18        0.18       0.11      Missed  -40.1
 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.        -0.01       -0.02      0.10      Beat    699.9
 31 2021                                                
 Sep. 30 2021  -0.02       -0.02      -0.02     Met     0​
 Jun. 30 2021  0.13        0.12       0.16      Beat    30.6
 Mar. 31 2021  0.04        0.04       0.13      Beat    227
 This summary was machine generated May 6 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated