Adtran Holdings Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

Adtran Holdings

07/11/2024 14:30

* ADTRAN Holdings Inc  ADTN.OQ  reported a quarterly
adjusted loss
of 5 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of
four analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -8 cents
tozero cents per share.
    * Revenue fell 16.4% to $227.70 million from a year ago;
analysts
expected $226.92 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was a
loss
of 37 cents​.
    * The company reported a quarterly loss of $31.24 million.
    * ADTRAN Holdings Inc shares had risen by 6.7% this
quarter and
lost 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $7.00 
This summary was machine generated from LSEG data November 7 at
02:30 p.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
 Sep. 30 2024      -0.04          -0.05          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