CommScope Holding Company Inc reports results for the quarter ended September 30 - Earnings Summary

Vistance Networks

08/11/2024 16:33

* CommScope Holding Company Inc  COMM.OQ  reported a
quarterly
adjusted loss of 5 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 12 cents to 41
cents per share.
    * Revenue fell 32.3% to $1.08 billion from a year ago;
analysts
expected $1.42 billion. 
    * CommScope Holding Company Inc's reported EPS for the
quarter was
a loss of 23 cents​.
    * The company reported a quarterly loss of $49.4 million.
    * CommScope Holding Company Inc shares had fallen by 14.9%
this
quarter and gained 84.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9% 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 $4.00 
This summary was machine generated from LSEG data November 8 at
04:32 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
 Sep. 30 2024      0.31           -0.05          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