Uniti Group Q1 2024 AFFO $0.32 Misses $0.34 Estimate, Sales $286.4M Miss $287.545M Estimate
Portfolio Pulse from Benzinga Newsdesk
Uniti Group (NASDAQ:UNIT) reported Q1 2024 earnings of $0.32 per share, missing the consensus estimate of $0.34. Sales were $286.4M, slightly below the estimate of $287.545M, marking a 1.18% decrease from the previous year.
May 03, 2024 | 11:06 am
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NEGATIVE IMPACT
Uniti Group reported lower than expected Q1 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates can lead to negative investor sentiment and potential short-term stock price decline. The reported decrease in sales compared to the previous year further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100