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

Vistance Networks

09/08/2024 22:50

* CommScope Holding Company Inc  COMM.OQ  reported quarterly
adjusted earnings of 34 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 19 cents.  The mean expectation of
nine analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -9 cents to 40
cents per share.
    * Revenue fell 27.7% to $1.39 billion from a year ago;
analysts
expected $1.23 billion. 
    * CommScope Holding Company Inc's reported EPS for the
quarter was
13 cents​.
    * The company reported quarterly net income of $44.4
million.
    * CommScope Holding Company Inc shares had risen by 126.8%
this
quarter and lost 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 82.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 $2.35 
This summary was machine generated from LSEG data August 9 at
09:50 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
 Jun. 30 2024      -0.01          0.34           Beat
 Mar. 31 2024      -0.23          -0.08          Beat
 Dec. 31 2023      0.06           -0.02          Missed
 Sep. 30 2023      0.17           0.13           Missed