Uniti Group Inc (Delaware) reports results for the quarter ended September 30 - Earnings Summary

• Uniti Group Inc (Delaware) UNIT.OQ reported a quarterly adjusted loss of 33 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of eight analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -25 cents to -1 cents per share.

• Revenue rose 147.3% to $722.60 million from a year ago; analysts expected $762.95 million.

• Uniti Group Inc (Delaware)'s reported EPS for the quarter was $4.92​.

• The company reported quarterly net income of $1.58 billion.

• Uniti Group Inc (Delaware) shares had risen by 0.2% this quarter and lost 32.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 165.2% 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 2 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Uniti Group Inc (Delaware) is $8.15, about 24.8% above its last closing price of $6.13

This summary was machine generated from LSEG data November 4 at 03:11 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)