CommScope Holding Company Inc reports results for the quarter ended in December - Earnings Summary

Vistance Networks

29/02/2024 15:48

* CommScope Holding Company Inc  COMM.OQ  reported a
quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 2 cents to 11
cents per share.
    * Revenue fell 48.8% to $1.19 billion from a year ago;
analysts
expected $1.50 billion. 
    * CommScope Holding Company Inc's reported EPS for the
quarter was
a loss of $2.55​.
    * The company reported a quarterly loss of $540.9 million.
    * CommScope Holding Company Inc shares had fallen by 34.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 1 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for CommScope Holding
Company Inc is $2.00 
This summary was machine generated from LSEG data February 29 at
03:47 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
 Dec. 31 2023      0.06           -0.02          Missed
 Sep. 30 2023      0.17           0.13           Missed
 Jun. 30 2023      0.37           0.19           Missed
 Mar. 31 2023      0.33           0.35           Beat