Anterix (ATEX) Announces Q2 Loss While Exceeding Revenue Projections
Earnings Performance: Anterix (ATEX) reported a quarterly loss of $0.14 per share, significantly better than the expected loss of $0.65, marking a 78.46% earnings surprise. The company has surpassed consensus EPS estimates in all four of the last quarters.
Revenue Insights: The company generated revenues of $1.55 million for the quarter, matching the previous year's figure and exceeding the Zacks Consensus Estimate by 9.30%. However, it has only topped revenue estimates once in the last four quarters.
Stock Outlook: Anterix shares have declined by 41.3% year-to-date, contrasting with the S&P 500's 16.4% gain. The current Zacks Rank for the stock is #4 (Sell), indicating expectations of underperformance in the near future.
Industry Context: The Communication - Infrastructure industry, to which Anterix belongs, is currently ranked in the top 16% of Zacks industries, suggesting that broader industry trends could influence Anterix's stock performance moving forward.
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ATEX Resources Expands Land Package by Over 50%, Including Two Copper Porphyry Targets
- Land Package Expansion: ATEX Resources has strategically increased its land package by over 8,600 hectares through staking and public auction, raising its total area in the Valeriano project from 16,500 hectares to 25,000 hectares, significantly enhancing its exploration potential in the region.
- Target Confirmation: The newly identified Pachuy and Chollay targets share similar characteristics with the Valeriano project, with historical exploration indicating high-grade mineralization found within 350 meters at the Pachuy target, suggesting the potential for multiple copper deposits and increasing the likelihood of future exploration success.
- Exploration Plans Initiated: ATEX is set to commence geophysical surveys at these two new targets and plans to advance drilling activities in the coming months, aiming to accelerate the development of these targets and further solidify its market position in Chile.
- Strategic Implications: This expansion not only enhances ATEX's resource potential in the Valeriano district but also provides a stronger competitive edge in the rapidly growing copper-gold market, which is expected to drive future mineral production and revenue growth.

Analysts Upgrade Earnings Outlook for Communication Services, Angel Studios and Others Rated A+
- Earnings Upgrades: As earnings season approaches, analysts have positively revised earnings expectations for communication services companies, with Angel Studios (ANGX) receiving an A+ EPS Revision Grade, indicating growing market confidence in its near-term performance.
- Strong Small-Cap Performance: EverQuote (EVER), Grindr (GRND), and ZoomInfo Technologies (GTM) also achieved A+ EPS Revision Grades, suggesting that these mid- and small-cap communication services firms possess robust growth potential, likely attracting increased investor interest.
- Increased Market Confidence: IHS Holding (IHS), JOYY (JOYY), and Manchester United (MANU) also received A+ EPS Revision Grades, reflecting analysts' optimistic outlook on their profitability and market performance, which may drive their stock prices higher.
- Positive Industry Outlook: Turkcell Iletisim Hizmetleri (TKC), Uniti Group (UNIT), and Anterix (ATEX) also excelled in EPS Revision Grades, highlighting the growth potential within the communication services sector, presenting investment opportunities for investors to consider.









