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

Uniti (Delaware)

03/05/2024 14:32

* Uniti Group Inc  UNIT.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 13 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 9 cents to 15 cents per share.
    * Revenue fell 1.2% to $286.42 million from a year ago;
analysts
expected $287.54 million. 
    * Uniti Group Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $47.91
million.
    * Uniti Group Inc shares had risen by 2.2% this quarter and
gained 4.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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 $6.25 
This summary was machine generated from LSEG data May 3 at 01:31
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
 Mar. 31 2024      0.12           0.16           Beat
 Dec. 31 2023      0.10           0.13           Beat
 Sep. 30 2023      0.11           -0.34          Missed
 Jun. 30 2023      0.12           0.11           Missed