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

Adtran Holdings

06/08/2024 04:51

* ADTRAN Holdings Inc  ADTN.OQ  reported a quarterly
adjusted loss
of 24 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported
breakeven earnings per share.  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 -10 cents
to -8 cents per share.
    * Revenue fell 31% to $225.99 million from a year ago;
analysts
expected $225.88 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was a
loss
of 63 cents​.
    * The company reported a quarterly loss of $49.87 million.
    * ADTRAN Holdings Inc shares had risen by 15.6% this
quarter and
lost 17.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 80%
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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for ADTRAN Holdings
Inc is $7.75 
This summary was machine generated from LSEG data August 6 at
03:51 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
 Jun. 30 2024      -0.09          -0.24          Missed
 Mar. 31 2024      -0.11          -0.02          Beat
 Dec. 31 2023      -0.09          -1.09          Missed
 Sep. 30 2023      -0.09          -0.14          Missed