Anterix Q3 net loss comes above expectations

Anterix

11/02/2026 21:56

Overview

Private wireless broadband firm's fiscal Q3 net loss comes above analyst expectations

FCC vote to expand 900 MHz broadband allocation expected to enhance capabilities

Outlook

Anterix expects $80 mln of contracted proceeds in Q4 fiscal 2026

FCC vote to expand 900 MHz broadband allocation expected to enhance capabilities

Result Drivers

BROADBAND LICENSE EXCHANGE - Anterix recorded a $0.8 mln gain from exchanging narrowband for broadband licenses in 12 counties

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Spectrum Revenue
$1.57 mln
Q3 EPS
-$0.35
Q3 Net Income
Beat
-$6.60 mln
-$10.29 mln (2 Analysts)
Q3 Pretax Profit
Beat
-$8.65 mln
-$10.14 mln (2 Analysts)
Q3 Basic EPS
-$0.35
Q3 Operating Expenses
$11.77 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 $50.00, about 73.5% above its February 10 closing price of $28.82

Press Release: ID:nGNX4w1St4

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)