Frontier Communications (FYBR) Reports Q3 Loss, Tops Revenue Estimates

Group 1 - Frontier Communications reported a quarterly loss of $0.33 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.22, and compared to earnings of $0.05 per share a year ago, indicating an earnings surprise of -50% [1] - The company posted revenues of $1.49 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.35%, and this represents an increase from year-ago revenues of $1.44 billion [2] - Frontier Communications shares have increased approximately 39.7% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [3] Group 2 - The earnings outlook for Frontier Communications is mixed, with the current consensus EPS estimate for the coming quarter at -$0.12 on revenues of $1.45 billion, and -$0.79 on revenues of $5.85 billion for the current fiscal year [7] - The Zacks Industry Rank indicates that the Communication - Network Software sector is currently in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Frontier Communications has achieved consensus revenue estimates three times over the last four quarters, indicating some level of operational consistency [2]