Anterix fiscal Q1 net income beats estimates on license exchange gain

Anterix

11/08/2026 21:17

Overview
US private wireless spectrum provider's fiscal Q1 net income beat analyst expectations
Pretax profit for fiscal Q1 beat analyst expectations
Company recorded $10.7 mln gain on exchange of broadband licenses

Outlook
Company did not provide specific financial guidance for future quarters or the full year

Result Drivers
LICENSE EXCHANGE GAIN - Co recorded $10.7 mln gain from exchanging narrowband for broadband licenses in 6 counties
SPECTRUM LICENSE SALE - Co entered into $0.8 mln spectrum license sale agreement with Benton PUD during the qtr
HIGHER SPECTRUM REVENUE - Spectrum revenue rose to $2.0 mln from $1.4 mln a year earlier

Company press release: ID:nGNX97r8yg

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Spectrum Revenue
 
$1.96 mln
 
Q1 EPS
 
$0.01
 
Q1 Net Income
Beat
$240,000
-$8.02 mln (3 Analysts)
Q1 Pretax Profit
Beat
$614,000
-$4.78 mln (4 Analysts)
Q1 Operating Expenses
 
$12.86 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Anterix Inc is $121.00, about 30.4% above its August 10 closing price of $92.79

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)