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

Shenandoah Telecommunications

07/08/2024 14:53

* Shenandoah Telecommunications Co  SHEN.OQ  reported
quarterly
adjusted earnings of 1 cent​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of 4 cents.  The mean expectation of two analysts
for the quarter was for earnings of one cent per share. Wall
Street expected results to range from 1 cents to 2 cents per
share.
    * Revenue rose 20.3% to $85.80 million from a year ago;
analysts
expected $86.11 million. 
    * Shenandoah Telecommunications Co's reported EPS for the
quarter
was a loss of 24 cents​.
    * The company reported a quarterly loss of $12.87 million.
    * Shenandoah Telecommunications Co shares had risen by 13.2%
this
quarter and lost 14.5% so far this year.

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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is  "hold."

Wall Street's median 12-month price target for Shenandoah
Telecommunications Co is $26.00 
This summary was machine generated from LSEG data August 7 at
01:52 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      0.01           0.01           Met
 Mar. 31 2024      -0.02          -0.08          Missed
 Dec. 31 2023      -0.01          0.05           Beat
 Sep. 30 2023      -0.01          0.03           Beat