Shenandoah Telecommunications (SHEN) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - Shenandoah Telecommunications reported a quarterly loss of $0.08 per share, missing the Zacks Consensus Estimate of $0.02, compared to earnings of $0.04 per share a year ago [1] - The earnings surprise was -500%, with a previous expectation of a loss of $0.02 per share, resulting in a surprise of -300% [2] - The company posted revenues of $85.8 million for the quarter, missing the Zacks Consensus Estimate by 0.37%, and up from $71.34 million year-over-year [3] Stock Performance - Shenandoah Telecom shares have declined approximately 14.5% since the beginning of the year, while the S&P 500 has gained 9.9% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $87.48 million, and -$0.13 on revenues of $348.67 million for the current fiscal year [8] - The estimate revisions trend for Shenandoah Telecom is mixed, which could change following the recent earnings report [7] Industry Context - The Diversified Communication Services industry, to which Shenandoah Telecom belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, indicating potential challenges ahead [9]