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

Uniti (Delaware)

01/08/2024 15:10

* Uniti Group Inc  UNIT.OQ  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 11 cents per share. Wall Street expected
results to range from 9 cents to 14 cents per share.
    * Revenue rose 4% to $294.95 million from a year ago;
analysts
expected $289.91 million. 
    * Uniti Group Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $17.55
million.
    * Uniti Group Inc shares had risen by 31.5% this quarter and
lost 33.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
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 2 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Uniti Group Inc
is $5.50 
This summary was machine generated from LSEG data August 1 at
02:09 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      0.11           0.07           Missed
 Mar. 31 2024      0.12           0.16           Beat
 Dec. 31 2023      0.10           0.13           Beat
 Sep. 30 2023      0.11           -0.34          Missed