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

Vistance Networks

09/05/2024 14:53

* CommScope Holding Company Inc  COMM.OQ  reported a
quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 35 cents.  The mean expectation of nine analysts
for the quarter was for a loss of 23 cents per share. Wall
Street expected results to range from -34 cents to -16 cents per
share.
    * Revenue fell 41.6% to $1.17 billion from a year ago;
analysts
expected $1.07 billion. 
    * CommScope Holding Company Inc's reported EPS for the
quarter was
a loss of $1.77​.
    * The company reported a quarterly loss of $375.2 million.
    * CommScope Holding Company Inc shares had fallen by 19.8%
this
quarter and lost 62.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 562.2% 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 no "strong buy" or "buy," 8
"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 $1.25 
This summary was machine generated from LSEG data May 9 at 01:52
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
 Mar. 31 2024      -0.23          -0.08          Beat
 Dec. 31 2023      0.06           -0.02          Missed
 Sep. 30 2023      0.17           0.13           Missed
 Jun. 30 2023      0.37           0.19           Missed