Frontier Communications (FYBR) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Frontier Communications (FYBR) reported $1.46 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.5%. EPS of $0.00 for the same period compares to $0.01 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of +1.64%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being -$0.01.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Frontier Communications performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Broadband Net Adds - Consumer - Fiber: 85 thousand versus the two-analyst average estimate of 80.35 thousand.
  • Broadband customer metrics - Broadband customers: 2,974 thousand versus 2,969.77 thousand estimated by two analysts on average.
  • Broadband Customers - Business - Fiber: 132 thousand versus 129.13 thousand estimated by two analysts on average.
  • Broadband Net Adds - Consumer - Copper: -51 thousand compared to the -48.21 thousand average estimate based on two analysts.
  • Revenue- Revenue from contracts with customers: $1.45 billion versus the three-analyst average estimate of $1.42 billion. The reported number represents a year-over-year change of +2%.
  • Revenue- Subsidy and other revenue: $16 million versus $17.82 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.3% change.
  • Revenue- Other: $84 million compared to the $84 million average estimate based on two analysts. The reported number represents a change of +1.2% year over year.
  • Revenue- Data and Internet services: $947 million versus the two-analyst average estimate of $908.66 million. The reported number represents a year-over-year change of +9.9%.
  • Revenue- Revenue from contracts with customers- Fiber: $805 million versus the two-analyst average estimate of $790.74 million. The reported number represents a year-over-year change of +10.4%.
  • Revenue- Revenue from contracts with customers- Copper: $641 million versus the two-analyst average estimate of $632.67 million. The reported number represents a year-over-year change of -7%.
  • Revenue- Video services: $94 million versus the two-analyst average estimate of $94.39 million. The reported number represents a year-over-year change of -19.7%.
  • Revenue- Voice services: $321 million versus the two-analyst average estimate of $324.85 million. The reported number represents a year-over-year change of -9.8%.
View all Key Company Metrics for Frontier Communications here>>>

Shares of Frontier Communications have returned +3% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Frontier Communications Parent, Inc. (FYBR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.