Lumen Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters
2024-11-06

* Lumen Technologies Inc reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of ten analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -20 cents tozero cents per share.

* Revenue fell 11.5% to $3.22 billion from a year ago; analysts expected $3.22 billion.

* Lumen Technologies Inc's reported EPS for the quarter was a loss of 15 cents​.

* The company reported a quarterly loss of $148 million.

* Lumen Technologies Inc shares had risen by 5.4% this quarter and gained 308.7% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 74.7% in the last three months.​

* In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 8 "hold" and 4 "sell" or "strong sell."

* The average consensus recommendation for the integrated telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for Lumen Technologies Inc is $5.00 This summary was machine generated from LSEG data November 6 at 04:33 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.09 -0.13 Missed

Jun. 30 2024 -0.06 -0.13 Missed

Mar. 31 2024 0.00 -0.04 Missed

Dec. 31 2023 -0.01 0.08 Beat

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