Uniti Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Uniti (Delaware)

01/11/2024 03:48

* Uniti Group Inc  UNIT.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -34 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 8 cents to 13
cents per share.
    * Revenue rose 0.5% to $292.25 million from a year ago;
analysts
expected $290.37 million. 
    * Uniti Group Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $11.89
million.
    * Uniti Group Inc shares had fallen by 0.9% this quarter and
lost 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 November 1 at
03:48 a.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
 Sep. 30 2024      0.10           0.05           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