* Uniti Group Inc reported quarterly adjusted earnings of 5 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -34 cents. The mean expectation of seven analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 8 cents to 13 cents per share.
* Revenue rose 0.5% to $292.25 million from a year ago; analysts expected $290.37 million.
* Uniti Group Inc's reported EPS for the quarter was 5 cents.
* The company reported quarterly net income of $11.89 million.
* Uniti Group Inc shares had fallen by 0.9% this quarter and lost 3.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the specialized reits peer group is also "hold"
Wall Street's median 12-month price target for Uniti Group Inc is 5.50 This summary was machine generated from LSEG data November 1 at 03:48 a.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 0.10 0.05 Missed
Jun. 30 2024 0.11 0.07 Missed
Mar. 31 2024 0.12 0.16 Beat
Dec. 31 2023 0.10 0.13 Beat
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