Adtran Holdings Inc Reports Results For The Quarter Ended In December: Earnings Summary

Adtran Holdings

27/02/2024 04:50

* ADTRAN Holdings Inc  ADTN.OQ  reported a quarterly
adjusted loss
of $1.09​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 12 cents.  The mean expectation of four analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -16 cents to -5 cents per share.
    * Revenue fell 37.1% to $225.48 million from a year ago;
analysts
expected $229.13 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was a
loss of
$1.40​.
    * The company reported a quarterly loss of $109.95 million.
    * ADTRAN Holdings Inc shares had fallen by 16.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is  "hold."

Wall Street's median 12-month price target for ADTRAN Holdings
Inc is $8.50 
This summary was machine generated from LSEG data February 27 at
04:49 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.09          -1.09          Missed
 Sep. 30 2023      -0.09          -0.14          Missed
 Jun. 30 2023      0.00           0.00           Met
 Mar. 31 2023      0.04           -0.06          Missed