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Unlocking Q2 Potential of Uniti (UNIT): Exploring Wall Street Estimates for Key Metrics
UnitiUniti(US:UNIT) ZACKSยท2024-07-30 14:21

Core Viewpoint - Uniti Group (UNIT) is expected to report quarterly earnings of $0.36 per share, reflecting a 5.9% increase year over year, with revenues projected at $289.4 million, a 2% year-over-year increase [1]. Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment of projections by covering analysts [5]. - Analysts project 'Revenues- Uniti Fiber' to reach $70.61 million, showing a year-over-year decrease of 0.9% [4]. - 'Revenues- Uniti Leasing' is estimated to be $218.28 million, representing a 2.7% increase from the prior-year quarter [7]. Group 2: Depreciation and Amortization - The average prediction for 'Depreciation and amortization' is set at $78.82 million, compared to $77.27 million reported in the same quarter of the previous year [8]. Group 3: Stock Performance - Uniti shares have experienced a return of +28.8% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a change of +0.1% [9].