Frontier Communications's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Frontier Communications (NASDAQ:FYBR) is scheduled to release its quarterly earnings report on February 23, 2024. Analysts predict an EPS of $-0.12. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.11, leading to a 10.9% share price increase the following day. Shares are currently trading at $21.58, down 17.49% over the last year. Investors are looking for positive guidance for the next quarter.
February 22, 2024 | 2:00 pm
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Frontier Communications is expected to report an EPS of $-0.12 for the upcoming quarter. The company's stock has seen a decline of 17.49% over the past year, but past earnings beats have led to significant short-term price increases.
The expected EPS of $-0.12 sets a cautious tone, but FYBR's history of beating estimates and the subsequent positive market reactions suggest potential for short-term price movement. However, the overall yearly decline indicates underlying challenges, making the impact of the earnings report uncertain.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100