Consolidated Communications Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Consolidated Communications Holdings

06/11/2024 04:50

* Consolidated Communications Holdings Inc  CNSL.OQ 
reported a
quarterly adjusted loss of 33 cents​​ per share for the quarter
ended September 30, lower than the same quarter last year, when
the company reported EPS of -31 cents.  The mean expectation of
two analysts for the quarter was for a loss of 46 cents per
share. Wall Street expected results to range from -46 cents
to -46 cents per share.
    * Revenue fell 4.4% to $271.09 million from a year ago;
analysts
expected $270.19 million. 
    * The company reported quarterly net income of $49.07
million.
    * Consolidated Communications Holdings Inc shares had held
steady
so far this quarter and gained 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.1%
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 November 6 at
04:50 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
 Sep. 30 2024      -0.46          -0.33          Beat
 Jun. 30 2024      -0.43          -0.37          Beat
 Mar. 31 2024      -0.43          -0.27          Beat
 Dec. 31 2023      -0.36          -0.25          Beat