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

Consolidated Communications Holdings

06/08/2024 14:32

* Consolidated Communications Holdings Inc  CNSL.OQ 
reported a
quarterly adjusted loss of 37 cents​​ per share for the quarter
ended in June, lower than the same quarter last year, when the
company reported EPS of -28 cents.  The mean expectation of
two analysts for the quarter was for a loss of 43 cents per
share. Wall Street expected results to range from -43 cents
to -43 cents per share.
    * Revenue fell 2.3% to $268.71 million from a year ago;
analysts
expected $268.97 million. 
    * The company reported a quarterly loss of $66.67 million.
    * Consolidated Communications Holdings Inc shares had risen
by 3.2% this quarter and gained 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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," 3
"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 August 6 at
01:32 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
 Jun. 30 2024      -0.43          -0.37          Beat
 Mar. 31 2024      -0.43          -0.27          Beat
 Dec. 31 2023      -0.36          -0.25          Beat
 Sep. 30 2023      -0.37          -0.31          Beat