For the quarter ended March 2024, Lumen (LUMN) reported income of $3.29 billion, down 12% over the identical interval final yr. EPS got here in at -$0.04, in comparison with $0.10 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $3.39 billion, representing a shock of -3.00%. The corporate delivered an EPS shock of -33.33%, with the consensus EPS estimate being -$0.03.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders challenge a inventory’s worth efficiency extra precisely.
Right here is how Lumen carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Fiber Broadband Subscribers: 952 thousand in comparison with the 941 thousand common estimate based mostly on two analysts.
- Fiber broadband enabled models: 3,800 thousand in comparison with the three,825 thousand common estimate based mostly on two analysts.
- Mass Markets complete broadband subscribers: 2,710 thousand in comparison with the two,698.14 thousand common estimate based mostly on two analysts.
- Different Broadband subscribers: 1,758 thousand in comparison with the 1,757.14 thousand common estimate based mostly on two analysts.
- Working Revenues- Whole Enterprise Phase Income: $2.59 billion versus the three-analyst common estimate of $2.69 billion. The reported quantity represents a year-over-year change of -12.4%.
- Working Revenues- Whole Mass Markets Income: $699 million in comparison with the $716.90 million common estimate based mostly on three analysts. The reported quantity represents a change of -10.6% yr over yr.
- Working Revenues- Whole Enterprise Phase Income- Wholesale: $730 million versus the three-analyst common estimate of $737.26 million. The reported quantity represents a year-over-year change of -10.7%.
- Giant Enterprise- TOTAL: $858 million in comparison with the $1.03 billion common estimate based mostly on three analysts.
- Voice and Different-Mass Markets Phase by Product Class: $214 million versus the three-analyst common estimate of $227.99 million.
- Public Sector- TOTAL: $420 million in comparison with the $444.83 million common estimate based mostly on three analysts.
- Fiber Broadband-Mass Markets Phase by Product Class: $170 million versus $171.13 million estimated by three analysts on common.
- Different Broadband-Mass Markets Phase by Product Class: $315 million in comparison with the $317.79 million common estimate based mostly on three analysts.
View all Key Company Metrics for Lumen here>>>
Shares of Lumen have returned -16.4% over the previous month versus the Zacks S&P 500 composite’s -2.5% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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