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Compared to Estimates, CommScope (COMM) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-08 14:35
For the quarter ended June 2024, CommScope (COMM) reported revenue of $1.39 billion, down 27.7% over the same period last year. EPS came in at $0.34, compared to $0.19 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.39 billion, representing a surprise of -0.24%. The company delivered an EPS surprise of -8.11%, with the consensus EPS estimate being $0.37. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...
CommScope(COMM) - 2024 Q2 - Earnings Call Presentation
2024-08-08 13:45
COMMSCOPE® August 8, 2024 Second Quarter 2024 Results Important information Caution Regarding Forward Looking Statements This presentation includes certain statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current views with respect to future events and financial performance. These forward-looking statements are generally identified by their ...
CommScope (COMM) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2024-08-08 12:46
CommScope (COMM) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.11%. A quarter ago, it was expected that this wireless and broadband network technology company would post a loss of $0.23 per share when it actually produced a loss of $0.08, delivering a surprise of 65.22%. Over th ...
CommScope(COMM) - 2024 Q2 - Quarterly Results
2024-08-08 10:39
Exhibit 99.1 COMMSCOPE® News Release CommScope Reports Second Quarter 2024 Results Second Quarter Highlights • Consolidated net sales of $1.39 billion • Core net sales of $1.05 billion* • GAAP income from continuing operations of $74.8 million • Consolidated non-GAAP adjusted EBITDA of $302.1 million (1) • Core non-GAAP adjusted EBITDA of $201.1 million* (1) • Cash flow generated by operations of $50.8 million and non-GAAP adjusted free cash flow of $68.7 million (1) * Core financial measures exclude the re ...
CommScope(COMM) - 2024 Q2 - Quarterly Report
2024-08-07 21:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36146 CommScope Holding Company, Inc. (Exact name of registrant as sp ...
Insights Into CommScope (COMM) Q2: Wall Street Projections for Key Metrics
ZACKS· 2024-08-07 14:20
Wall Street analysts expect CommScope (COMM) to post quarterly earnings of $0.37 per share in its upcoming report, which indicates a year-over-year increase of 94.7%. Revenues are expected to be $1.39 billion, down 27.5% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 662.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnin ...
CommScope (COMM) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-08-02 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...
CommScope (COMM) Reports Mixed Preliminary Q2 Results
ZACKS· 2024-07-30 18:25
CommScope Holding Company, Inc. (COMM) recently released preliminary second-quarter 2024 results, offering a glimpse of its business performance amid a challenging macroeconomic landscape. The company is scheduled to release its second-quarter results on Aug 8, 2024. For the June quarter, management anticipates GAAP income from continuing operations to be around $75 million. The company's non-GAAP adjusted EBITDA is expected to be $302 million, driven by the CommScope NEXT initiative and reduced fixed costs ...
Why CommScope Stock Blasted 21% Higher on Monday
The Motley Fool· 2024-07-29 23:04
The company looks like it will post an investor-pleasing set of quarterly results in early August. For its second quarter, CommScope is estimating that net sales will come in at $1.39 billion, with income from continuing operations landing at $75 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to be $302 million. The company did not provide any net income figures. In the news release unveiling the preliminary results, CommScope quoted CEO Chuck Treadw ...
CommScope (COMM) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-07-25 17:00
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Z ...