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Uniti Group Inc (UNIT)
NASDAQ:UNIT
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.13Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -2.86%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong demand for fiber infrastructure and successful strategic initiatives, particularly with hyperscalers and the Windstream merger. Despite some challenges like muted wireless bookings and increased expenses, the overall performance and future potential appear strong.Company Guidance
During the Uniti Q3 2024 earnings call, the company provided several key metrics and updates to its guidance. Uniti slightly increased its full-year 2024 revenue outlook due to strong demand for its fiber infrastructure, particularly from hyperscalers, which accounted for 20% of the year-to-date bookings. The core recurring strategic fiber business grew 3% in the third quarter, with notable increases in Enterprise, Wholesale, and Dark Fiber revenues by 10%, 14%, and 18%, respectively. The company maintained an industry-leading churn rate of 0.2% and is on track to achieve 4% to 6% MRR growth for the full year. Consolidated revenues were reported at $292 million, with an adjusted EBITDA of $235 million, and AFFO per diluted common share was $0.33. While the revenue guidance increased by $3 million, the adjusted EBITDA forecast remained unchanged, as higher-than-expected corporate SG&A expenses offset the additional revenue. The merger with Windstream is progressing, with approvals received from 13 of the 18 required jurisdictions, and the company is optimistic about its completion.Solid Demand and Revenue Growth
Uniti reported a solid quarter with a 3% growth in core recurring strategic fiber revenue, driven by Enterprise, Wholesale, and Dark Fiber revenue growth of 10%, 14%, and 18%, respectively. The company expects 4% to 6% MRR growth for the full year, slightly increasing their full year 2024 revenue outlook.
Strong Hyperscaler Demand
20% of year-to-date bookings came from hyperscalers, with expectations of sustained demand. The company highlighted strategic financial deals and future lease-up potential with hyperscalers.
Successful Capital Investment Program
Consolidated bookings MRR of nearly $1 million and declining consolidated net success-based capital intensity, ending the quarter at around 20%.
Merger Progress with Windstream
The merger process with Windstream is progressing well, with regulatory approvals from 13 of 18 required jurisdictions already obtained, indicating strategic alignment and favorable market conditions.
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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
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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.
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FAQ
When does Uniti Group Inc (UNIT) report earnings?
Uniti Group Inc (UNIT) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Uniti Group Inc (UNIT) earnings time?
Uniti Group Inc (UNIT) earnings time is at Feb 26, 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.
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