Shenandoah Telecommunications Co reports results for the quarter ended in December - Earnings Summary

Shenandoah Telecommunications

21/02/2024 14:32

* Shenandoah Telecommunications Co  SHEN.OQ  reported
quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -4 cents.  The mean expectation of
three analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -2 cents
tozero cents per share.
    * Revenue rose 3.6% to $72.51 million from a year ago;
analysts
expected $72.30 million. 
    * Shenandoah Telecommunications Co's reported EPS for the
quarter
was 5 cents​.
    * The company reported quarterly net income of $2.59
million.
    * Shenandoah Telecommunications Co shares had fallen
by 10.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 wireless
telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for Shenandoah
Telecommunications Co is $22.00 
This summary was machine generated from LSEG data February 21 at
02:31 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
 Dec. 31 2023      -0.01          0.05           Beat
 Sep. 30 2023      -0.01          0.03           Beat
 Jun. 30 2023      -0.03          0.04           Beat
 Mar. 31 2023      -0.02          0.04           Beat