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

Shenandoah Telecommunications

03/11/2023 13:32

* Shenandoah Telecommunications Co  SHEN.OQ  reported
quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of -5 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 -6 cents to 1
cents per share.
    * Revenue rose 7.3% to $71.84 million from a year ago;
analysts
expected $71.18 million. 
    * Shenandoah Telecommunications Co's reported EPS for the
quarter
was 3 cents​.
    * The company reported quarterly net income of $1.59
million.
    * Shenandoah Telecommunications Co shares had risen by 17.1%
this
quarter and gained 52.0% 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 "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 November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.01          0.03           Beat
 Jun. 30 2023      -0.03          0.04           Beat
 Mar. 31 2023      -0.02          0.04           Beat
 Dec. 31 2022      -0.01          -0.04          Missed