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Shenandoah Telecommunications (SHEN)
:SHEN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.15Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -25.03%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, significant Glo Fiber expansion, and government support for broadband expansion. However, challenges such as declines in commercial and incumbent broadband revenues were noted. The sentiment is balanced with significant achievements and some challenges.Company Guidance
During the third quarter 2024 earnings call for Shenandoah Telecommunications, guidance was provided on several key metrics. Revenue grew by 30% to $87.6 million, with the former Horizon markets contributing $16.9 million. Excluding these markets, revenue increased by 4.9% year-over-year. Glo Fiber's revenue in legacy markets showed a substantial growth of 56%, with subscriber numbers and ARPU increasing by 54% and 7%, respectively. The company reported a record quarter with 6,000 net subscriber additions. Adjusted EBITDA rose by 31% to $26.6 million, with an improved margin of 30%, driven by Glo Fiber's success and early realization of $11 million in targeted synergy savings. The company also highlighted construction progress, adding 24,000 new fiber passings, and maintaining a robust construction pipeline with 337,000 additional passings. Liquidity stood at $473 million, with significant funds available from government grants and delayed draw term loans, while the net leverage ratio was reported at 2.8x based on annualized adjusted EBITDA.Revenue Growth
Revenue grew 30% to $87.6 million in the third quarter of 2024, driven by contributions from former Horizon markets and an increase in Glo Fiber revenue.
Adjusted EBITDA Growth
Adjusted EBITDA grew 31% to $26.6 million in the third quarter of 2024, with an increase in adjusted EBITDA margin from 27% to 30%.
Glo Fiber Expansion
Glo Fiber passings increased by 58% year-over-year to approximately 320,000, with a record quarter of 6,000 net subscriber additions.
Fiber Network Expansion
The fiber network added over 300 route miles, reaching approximately 16,400 fiber route miles, with around 326,000 homes and businesses now passed with fiber.
Government Grant Support
Shentel has been awarded $143 million in government grants, with $31 million collected to date for broadband network expansion.
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SHEN 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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SHEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $15.58 | $12.89 | -17.27% |
| Aug 07, 2024 | $18.36 | $15.67 | -14.65% |
| May 03, 2024 | $13.16 | $13.38 | +1.67% |
| Feb 21, 2024 | $19.28 | $20.97 | +8.77% |
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 Shenandoah Telecommunications (SHEN) report earnings?
Shenandoah Telecommunications (SHEN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Shenandoah Telecommunications (SHEN) earnings time?
Shenandoah Telecommunications (SHEN) 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 SHEN EPS forecast?
SHEN EPS forecast for the fiscal quarter 2024 (Q4) is -0.15.
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