SHEN Earnings Prediction
The chart below shows how SHEN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SHEN sees a +1.93% change in stock price 10 days leading up to the earnings, and a +2.77% change 10 days following the report. On the earnings day itself, the stock moves by -1.20%. This data can give you a slight idea of what to expect for the next quarter's release.
SHEN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
87.60M
29.95%
2.10%
Gross Margin
29.11%
-21.58%
-2.74%
Operating Margin
-2.86%
-193.16%
-46.14%
Net Margin
-6.05%
2140.74%
-59.37%
EPS
-0.13
-533.33%
-45.83%
No Data Available
SHEN Earnings Analysis
Shenandoah Telecom Co Corporation (SHEN.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue grew 30% to $87.6 million in the third quarter 2024.
Former Horizon Revenue Contribution: The former Horizon markets contributed $16.9 million of revenue.
Revenue Growth Excluding Horizon: Excluding the former Horizon markets, revenue grew $3.3 million or 4.9% over the same period a year ago.
Glo Fiber Passings Update: We ended the second quarter with approximately 320,000 Glo Fiber passings.
New Passings Released: We constructed and released to sales 101,000 new passings over the past year in addition to 15,500 passings we acquired with the Horizon transaction.
Negative
Revenue Growth Analysis: Revenue grew 30% to $87.6 million in the third quarter 2024, but excluding the former Horizon markets, revenue grew only $3.3 million or 4.9% over the same period a year ago.
Commercial Revenue Decline: Commercial revenue declined $1.5 million due to the expected decline in T-Mobile revenue.
Broadband Revenue Decline: Incumbent broadband markets revenue declined $1.3 million due to lower video and installation revenue.
EBITDA Margin Improvement: Adjusted EBITDA margin increased from 27% in the second quarter 2024 to 30% in the third quarter of 2024, but the slower-than-usual growth in adjusted EBITDA was due primarily to the expected decline in T-Mobile revenue.
Broadband Data Penetration Decline: Our overall broadband data penetration decreased to 47.5% at the end of the third quarter with penetration rates of 49.2% in the Shentel incumbent cable markets and 22.4% in former Horizon incumbent telephone markets.
SHEN FAQs
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SHEN Earning Call Sentiment
Shenandoah Telecommunications Company (SHEN) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
SHEN.O
-2.2%Positive
The earnings call highlights a robust financial performance with a 30% revenue increase and significant EBITDA growth. The Glo Fiber expansion and Horizon integration show promising progress, supported by strong liquidity. Despite competitive pressures and regulatory challenges, management's strategic initiatives, including fiber network expansion and synergy savings, are on track. The Q&A session did not reveal major concerns, with analysts showing interest in growth areas. The lack of a share repurchase program is a slight negative, but overall, the sentiment is positive, predicting a 2% to 8% stock price increase.
