Uniti Group Inc reports results for the quarter ended in June - Earnings Summary

Uniti (Delaware)

03/08/2023 15:27

* Uniti Group Inc  UNIT.OQ  reported quarterly adjusted
earnings
of 11 cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
12 cents per share.
    * Revenue fell 0.1% to $283.70 million from a year ago;
analysts
expected $290.38 million. 
    * Uniti Group Inc's reported EPS for the quarter was 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 26.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Uniti Group Inc shares had risen by 19.7% this quarter and
held
steady so far this year.
    * The company reported quarterly net income of $25.63
million.
    * Wall Street's median 12-month price target for Uniti Group
Inc
is $5.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 02:26 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.12           0.11           Missed
 Mar. 31 2023      0.01           0.13           Beat
 Dec. 31 2022      0.17           0.23           Beat
 Sep. 30 2022      0.18           -0.66          Missed