Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Uniti Group Inc (UNIT)
NASDAQ:UNIT
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -3.04%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong growth in key financial metrics, successful strategic initiatives such as accessing the ABS market, and optimistic future plans with positive free cash flow expectations. While there are some challenges in maintaining wireless bookings and potential hurdles in the AI inference phase, the overall sentiment is buoyed by strong execution and future growth prospects.Company Guidance
In the fourth quarter and full year 2024, Uniti demonstrated strong performance, achieving strategic recurring revenue growth of approximately 5%, adjusted EBITDA growth of 8%, and consolidated bookings growth of 27%. The company successfully accessed the ABS market, establishing a new financing tool for future growth. For 2025, Uniti expects to generate positive free cash flow and maintains a focus on mid-single-digit top-line growth and high single-digit adjusted EBITDA growth. The merger with Windstream is anticipated to close in the second half of the year, potentially as early as July. Uniti also plans to build fiber to 2 million homes by the end of 2025, two years ahead of schedule, with a long-term target of 3 to 3.5 million homes. The company forecasts 2025 revenues of $902 million for Uniti Leasing and $304 million for Uniti Fiber, with respective adjusted EBITDA of $872 million and $125 million. The projected full-year AFFO per diluted common share is between $1.40 and $1.47, representing a 6% increase from the prior year.Strong Overall Growth Metrics
Uniti's strategic recurring revenue, adjusted EBITDA, and consolidated bookings grew approximately 5%, 8%, and 27%, respectively.
Successful Access to ABS Market
Uniti became the first commercial fiber provider to access the ABS market, with a successful transaction at a blended coupon of less than 6.5%.
Positive Free Cash Flow Expected
Uniti's business plan is fully funded, and the company expects to generate positive free cash flow in 2025.
Accelerated Fiber Build Plan
Windstream expects to double the number of targeted homes passed with fiber in 2025 over 2024, reaching 2 million homes by the end of 2025, two years earlier than initially expected.
Increased Hyperscaler Demand
Hyperscaler bookings, which were small in 2023, now represent about 20% of full-year bookings, with demand expected to continue growing.
Improved Capital Structure
Uniti's cost of capital has improved significantly, with debt yielding around 7.5%, a 500 basis point improvement in two years.
---
UNIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
UNIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $5.59 | $5.07 | -9.30% |
| Aug 01, 2024 | $3.84 | $4.08 | +6.25% |
| May 03, 2024 | $5.74 | $4.22 | -26.48% |
| Feb 29, 2024 | $5.32 | $5.44 | +2.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Uniti Group Inc (UNIT) report earnings?
Uniti Group Inc (UNIT) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Uniti Group Inc (UNIT) earnings time?
Uniti Group Inc (UNIT) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UNIT EPS forecast?
UNIT EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
---