CommScope Holding Company Inc expected to post earnings of 6 cents a share - Earnings Preview

Vistance Networks

27/02/2024 15:21

* CommScope Holding Company Inc  COMM.OQ   COMM.O  is
expected
to show a fall in quarterly revenue when it reports  results on
February 29 for the period ending December 31 2023
    * The Claremont North Carolina-based  company is expected to
report a 35.3% decrease in revenue to $1.499 billion from $2.32
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for CommScope Holding
Company Inc
is for earnings of 6 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "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 $2.00​, above​ its last closing price of $1.94.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.33        0.33       0.35      Beat    5.6​
 Dec. 31 2022  0.49        0.49       0.49      Met     -0.5
 ​​Sep.        0.46        0.46       0.50      Beat    7.6
 30 2022                                                
 Jun. 30 2022  0.29        0.29       0.41      Beat    41.2​
 Mar. 31 2022  0.20        0.21       0.26      Beat    21.7
 Dec. 31 2021  0.18        0.18       0.31      Beat    69
 This summary was machine generated February 27 at 15:21 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)