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

Uniti (Delaware)

02/11/2023 13:34

* Uniti Group Inc  UNIT.OQ  reported a quarterly adjusted
loss
of 34 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -66 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 11 cents per share. Wall
Street expected results to range from 8 cents to 13 cents per
share.
    * Revenue rose 2.7% to $290.66 million from a year ago;
analysts
expected $290.90 million. 
    * Uniti Group Inc shares had fallen by 4.4% this quarter and
lost 18.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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," 7
"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 $5.00 
This summary was machine generated from LSEG data November 2 at
01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.11           -0.34          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