ATN International (ATNI) Reports Q3 Loss, Lags Revenue Estimates

Core Insights - ATN International reported a quarterly loss of $0.10 per share, better than the Zacks Consensus Estimate of a loss of $0.16, and an improvement from a loss of $0.24 per share a year ago, representing an earnings surprise of 37.50% [1] - The company posted revenues of $178.45 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.90%, and down from $191.04 million year-over-year [2] - ATN International shares have declined approximately 18.8% year-to-date, contrasting with the S&P 500's gain of 22.1% [3] Earnings Outlook - The earnings outlook for ATN International is currently favorable, with a consensus EPS estimate of $0.07 on revenues of $187.27 million for the upcoming quarter, and $0.09 on revenues of $743.01 million for the current fiscal year [7] - The company has surpassed consensus EPS estimates two times over the last four quarters, indicating a potential for future performance improvement [2] Industry Context - The Wireless National industry, to which ATN International belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact ATN International's stock performance [5]