Telecommunications infrastructure company Lumen Technologies (NYSE: LUMN) will be announcing earnings results this Thursday after the bell. Here’s what to look for.
Lumen missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $3.09 billion, down 5.4% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.
Is Lumen a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Lumen’s revenue to decline 5% year on year to $3.06 billion, improving from the 11.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lumen has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Lumen’s peers in the telecommunication services segment, only Iridium has reported results so far. It beat analysts’ revenue estimates by 1.7%, delivering year-on-year sales growth of 6.7%. The stock was down 8% on the results.
Read our full analysis of Iridium’s earnings results here.Investors in the telecommunication services segment have had steady hands going into earnings, with share prices flat over the last month. Lumen is up 76.9% during the same time and is heading into earnings with an average analyst price target of $5.24 (compared to the current share price of $10.42).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
