FYBR Earnings Prediction
The chart below shows how FYBR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FYBR sees a +0.99% change in stock price 10 days leading up to the earnings, and a +2.03% change 10 days following the report. On the earnings day itself, the stock moves by -2.08%. This data can give you a slight idea of what to expect for the next quarter's release.
FYBR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.48B
2.14%
1.23%
Gross Margin
38.24%
-2.27%
1.27%
Operating Margin
7.91%
-17.52%
-6.72%
Net Margin
-8.31%
5835.71%
-11971.43%
EPS
-0.49
-4800.00%
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No Data Available
FYBR Earnings Analysis
Frontier Communications Corporation Corporation (FYBR.O) Earnings Conference Call
Positive
Q2 was the second consecutive quarter of revenue growth, with the fastest quarter of organic growth in over a decade.
Record fiber broadband net ads and strong ARPU growth contributed to a solid mid-single-digit EBITDA growth.
The focus on executing the strategy of building, selling, improving service, and increasing operational efficiency has led to positive results.
The company exceeded its initial target of passing 7 million locations with fiber.
A record 92,000 new fiber broadband customers were added in Q2, representing a 37% increase from the previous year.
The 45% penetration threshold in base fiber markets demonstrates the superiority of fiber, leading to sustainable returns on fiber investments.
A commitment to improving customer service has led to a significant increase in Net Promoter Scores (NPS).
Fiber NPS has improved by approximately 20 points over the past year, six times higher than the closest legacy cable competitor.
NPS has consistently improved over the past two years, setting a new standard for the industry.
Revenue growth was driven by passing a record number of homes and businesses with fiber, adding new fiber broadband customers, and growing ARPU.
Continuous focus on cost efficiency resulted in 5% EBITDA growth for the second consecutive quarter.
The company's model for sustainable growth, focusing on fiber products and value-added services, is driving revenue growth and overall financial performance.
Completion of the second fiber securitization raised $750 million, demonstrating a clear path to fully fund the fiber build.
Total savings achieved since the cost savings program started in 2021 have reached $580 million.
Confidence in the business to deliver significant growing free cash flow post-investment phase.
Updated 2024 guidance shows raised EBITDA guidance, reflecting a 5% growth at the midpoint, which would be a significant acceleration compared to the previous year.
Strong financial and operational momentum is expected to continue in the second half of the year.
The positive points are based on the factual evidence presented in the transcript regarding the company's performance and achievements during the conference call.)
Negative
- Despite a record number of fiber passings and solid revenue growth, the company reported a net loss of $123 million in Q2, primarily due to a non-cash pension remeasurement and a $25 million one-time legal settlement.
- The cost savings initiatives have only achieved $580 million in savings since 2021, which might not be sufficient to offset potential future challenges or boost profitability significantly.
- The capital investment declined in Q2, indicating lower spending on growth initiatives, and although the company expects lower capital investment in 2024 compared to 2023, this reduction could potentially impact future growth opportunities.
FYBR FAQs
How does FYBR typically perform around its earnings report dates?
Is Frontier Communications Parent, Inc. (FYBR) Q2 2024 Earnings Call Summary positive or negative?
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FYBR Earning Call Sentiment
Frontier Communications Parent, Inc. (FYBR) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
FYBR.O
-0.14%Positive
The earnings call highlighted revenue and EBITDA growth, strong fiber customer additions, and cost savings, but also noted a net loss and competitive pressures. The Q&A revealed management's avoidance of direct answers on certain issues, which may raise concerns. The lack of a shareholder return plan and regulatory risks further balance the positive financial metrics, leading to a neutral sentiment. Without market cap data, the prediction remains neutral, assuming moderate investor reaction.
