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CommScope Holding (COMM)
NASDAQ:COMM
Holding COMM?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.04Last Year’s EPS
-$0.02Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -19.71%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
CommScope's earnings call reflects a mixed sentiment. While there were notable achievements such as growth in the CCS segment and strong demand in data centers, challenges remain in the ANS and NICS segments due to inventory issues and market uncertainties. The company is taking steps to manage costs and improve profitability, but significant challenges in market conditions and capital structure persist.Company Guidance
During the Q3 2024 earnings call for CommScope, the executives provided guidance highlighting several key metrics. Core CommScope reported net sales of $1.082 billion, a 3% year-over-year increase, with adjusted EBITDA reaching $220 million, marking a 25% rise. This improvement was driven by the CCS segment, which saw revenue growth of 17% and a remarkable 115% increase in adjusted EBITDA. The adjusted EBITDA margin for the core business improved from 16.7% to 20.4%, attributed to cost management and a favorable mix. The company anticipates fourth-quarter core revenue and adjusted EBITDA to remain relatively consistent with Q3, with expectations for strong improvement in 2025 as market conditions stabilize. Despite some challenges in the ANS and core NICS segments, the company remains optimistic about medium and long-term growth prospects, supported by strategic investments and the CommScope NEXT program.Core CommScope Revenue Growth
Core CommScope delivered net sales of $1.082 billion, a year-over-year increase of 3%, with adjusted EBITDA of $220 million, a year-over-year increase of 25%.
CCS Segment Performance
CCS revenue grew 17% while CCS adjusted EBITDA increased 115%. CCS adjusted EBITDA as a percentage of revenue was approximately 23.5%.
Data Center Demand
Strong demand from hyperscale and cloud data centers, with investments in capacity to meet demand expected to support growth into 2025.
ANS Product Developments
Launch of FDX products at Comcast and the announcement of a virtual CCAP deployment, indicating positive momentum in product offerings.
Cash Flow and Liquidity
Generated $122 million from cash flow from operations and free cash flow of $115 million, with total available liquidity of $1.024 billion.
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COMM 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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COMM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.95 | $5.20 | -25.18% |
| Aug 08, 2024 | $2.13 | $2.79 | +30.99% |
| May 09, 2024 | $1.05 | $1.11 | +5.71% |
| Feb 29, 2024 | $1.85 | $1.16 | -37.30% |
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 CommScope Holding (COMM) report earnings?
CommScope Holding (COMM) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is CommScope Holding (COMM) earnings time?
CommScope Holding (COMM) earnings time is at Feb 20, 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 COMM EPS forecast?
COMM EPS forecast for the fiscal quarter 2024 (Q4) is $0.04.
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