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

Adtran Holdings

07/05/2024 07:01

* ADTRAN Holdings Inc  ADTN.OQ  reported a quarterly
adjusted loss
of 2 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of four analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -16 cents to -6 cents per share.
    * Revenue fell 30.2% to $226.17 million from a year ago;
analysts
expected $224.03 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was a
loss of
$4.12​.
    * The company reported a quarterly loss of $324.55 million.
    * ADTRAN Holdings Inc shares had fallen by 13.4% this
quarter and
lost 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.1%
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 $7.75 
This summary was machine generated from LSEG data May 7 at 06:00
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
 Mar. 31 2024      -0.11          -0.02          Beat
 Dec. 31 2023      -0.09          -1.09          Missed
 Sep. 30 2023      -0.09          -0.14          Missed
 Jun. 30 2023      0.00           0.00           Met