Consolidated Comms Hldgs Q1 2024 Adj EPS $(0.27) Beats $(0.43) Estimate, Sales $274.675M Beat $274.596M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Communications Holdings (CNSL) reported Q1 2024 adjusted EPS of $(0.27), surpassing the $(0.43) estimate. Sales reached $274.675M, slightly above the $274.596M forecast but marked a 0.53% decrease from the previous year.
May 07, 2024 | 12:04 pm
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CNSL reported a Q1 2024 adjusted EPS of $(0.27), beating estimates, with sales of $274.675M also exceeding expectations but showing a slight YOY decline.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the slight year-over-year decrease in sales might temper some of the positive momentum, indicating a mixed but overall positive short-term outlook for CNSL.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100