Key Highlights: Increases scale with 2.2 million fiber subscribers and will extend Verizon's network reach to 25 million premises across 31 states and Washington, D.C. Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closing Verizon reaffirms full-year 2024 guidance Projected to generate at least $500 million in annual run-rate cost synergies Verizon to host investor conference call today at 8:00 AM Eastern Time NEW YORK and DALLAS, Sept. 05, 2024 (GLOBE ...

Shares of Frontier Communications (FYBR) jumped nearly 40% on Wednesday after The Wall Street Journal said the fiber network company was in talks about a possible sale to Verizon Communications (VZ). The Journal, which cited people familiar with the matter, said the deal could be announced by the end of the week. The report didn't mention a possible price; Frontier's market capitalization surged to around $9.6 billion after the stock jumped in response to the news of the possible deal. Frontier's shares gai ...

MoMo Productions/DigitalVision via Getty Images Investment summary My previous investment thought for Frontier Communications Parent Inc. (NASDAQ:FYBR) (published on 25th June) was a buy rating because there was a visible growth outlook and a strong secular tailwind. I reiterated my buy rating as FYBR continued to show strong execution. Notably, the base fiber penetration rate has passed the 45% level, which means the growth runway is longer than expected. 2Q24 results update Released early this month (Augu ...

For the quarter ended June 2024, Frontier Group Holdings (ULCC) reported revenue of $973 million, up 0.6% over the same period last year. EPS came in at $0.14, compared to $0.31 in the year-ago quarter. The reported revenue represents a surprise of -5.42% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being $0.11, the EPS surprise was +27.27%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Frontier Group Holdings (ULCC) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this discount airline would post a loss of $0.18 per share when it actually produced a loss of $0.09, delivering a surprise of 50%. Over the last four quarters, ...

Wall Street analysts forecast that Frontier Group Holdings (ULCC) will report quarterly earnings of $0.11 per share in its upcoming release, pointing to a year-over-year decline of 64.5%. It is anticipated that revenues will amount to $1.03 billion, exhibiting an increase of 6.4% compared to the year-ago quarter. The consensus EPS estimate for the quarter has been revised 50.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated t ...

DENVER, Aug. 2, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., announces a change to the timing of its second quarter 2024 live earnings webcast. The webcast will now be held one hour later at 12:00pm ET on Thursday, August 8, 2024 (date unchanged). The Company previously announced a live webcast at 11:00am ET on August 8, 2024 in a press release dated July 31, 2024. The webcast will be available to the public on a listen-only basis at http://ir ...

DENVER, July 31, 2024 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., will be releasing second quarter 2024 financial results before market open on Thursday, August 8, 2024. Management will host a live webcast with analysts to discuss these results the same day at 11:00am ET. The webcast will be available to the public on a listen-only basis at http://ir.flyfrontier.com. An archive of the call will be available on the company's website for 30 days. Ab ...

DENVER, July 29, 2024 /PRNewswire/ -- Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) today released its 2023 Environmental, Social, and Governance (ESG) Report. The comprehensive review highlights the latest actions of America's Greenest Airline to enhance environmental stewardship, governance and risk management, customer and team member well-being, employee diversity and work culture, and community engagement. "We made many strides in 2023, including the start of our transition to a more reliable ...

In May, I analyzed Frontier Group Holdings (NASDAQ:ULCC) (Frontier Airlines) and upgraded the stock to buy. However, the reality is that the buy rating has not worked out as the stock has tumbled 38% and over a 1-year period the stock is down over 60%. With a decline this significant, I believe it is important to reassess my rating for Frontier Airlines which I will do in this report. Frontier Airlines What Are Analysts Expecting For Frontier Airlines in Q2? Is There Reason For Concern For Frontier Airlines ...