Consolidated Communications Holdings Inc reports results for the quarter ended in December - Earnings Summary

Consolidated Communications Holdings

06/03/2024 24:01

* Consolidated Communications Holdings Inc  CNSL.OQ 
reported a
quarterly adjusted loss of 25 cents​​ per share for the quarter
ended in December, lower than the same quarter last year, when
the company reported EPS of -16 cents.  The mean expectation of
two analysts for the quarter was for a loss of 36 cents per
share. Wall Street expected results to range from -36 cents
to -36 cents per share.
    * Revenue fell 7% to $275.18 million from a year ago;
analysts
expected $276.94 million. 
    * Consolidated Communications Holdings Inc's reported EPS
for the
quarter was a loss of 52 cents​.
    * The company reported a quarterly loss of $47.3 million.
    * Consolidated Communications Holdings Inc shares had fallen
by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for Consolidated
Communications Holdings Inc is $4.30 
This summary was machine generated from LSEG data March 6 at
12:01 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
 Dec. 31 2023      -0.36          -0.25          Beat
 Sep. 30 2023      -0.37          -0.31          Beat
 Jun. 30 2023      -0.27          -0.28          Missed
 Mar. 31 2023      -0.23          -0.28          Missed