CommScope Holding Company Inc expected to post a loss of 1 cent a share - Earnings Preview

Vistance Networks

06/08/2024 17:01

* CommScope Holding Company Inc  COMM.OQ   COMM.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 8 for the period ending June 30 2024
    * The Claremont North Carolina-based  company is expected to
report a 36.0% decrease in revenue to $1.228 billion from $1.92
billion a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for CommScope Holding
Company Inc
is for a loss of 1 cent per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CommScope
Holding
Company Inc is $1.63​, below​ its last closing price of $2.02.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.24       -0.23      -0.08     Beat    65.4
 Dec. 31 2024  0.06        0.06       -0.02     Missed  -136.4
 Sep. 30 2023  0.14        0.17       0.13      Missed  -25.2​
 Jun. 30 2023  0.37        0.37       0.19      Missed  -48.3
 ​​Mar.        0.33        0.33       0.35      Beat    5.6
 31 2023                                                
 Dec. 31 2022  0.49        0.49       0.49      Met     -0.5​
 Jan. 1 0001   0.46        0.46       0.50      Beat    7.6
 Jun. 30 2022  0.29        0.29       0.41      Beat    41.2
 This summary was machine generated August 6 at 16:01 GMT.  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)