Frontier Communications (FYBR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Frontier Communications reported $1.49 billion in revenue for Q3 2024, a year-over-year increase of 3.7% [1] - The company experienced an EPS of -$0.33, compared to $0.05 a year ago, indicating a significant decline [1] - Revenue exceeded the Zacks Consensus Estimate of $1.45 billion, resulting in a surprise of +2.35% [1] - The EPS surprise was -50.00%, with the consensus EPS estimate being -$0.22 [1] Revenue and Customer Metrics - Broadband customers totaled 3.06 million, slightly above the estimated 3.04 million [3] - Broadband Net Adds for Business - Fiber were 4 thousand, below the average estimate of 4.39 thousand [3] - Consumer Broadband Customers - Fiber reached 2.16 million, exceeding the estimate of 2.14 million [3] - Business Broadband Customers - Fiber were 138 thousand, close to the estimate of 138.39 thousand [3] Revenue Breakdown - Revenue from contracts with customers was $1.47 billion, surpassing the estimate of $1.44 billion, reflecting a +3.5% year-over-year change [3] - Subsidy and other revenue amounted to $18 million, exceeding the estimate of $14.67 million, with a year-over-year change of +20% [3] - Video services revenue was $83 million, slightly below the estimate of $83.85 million, showing a -20.2% change year-over-year [3] - Fiber-Consumer revenue was $537 million, close to the estimate of $539.12 million, with a +12.1% year-over-year change [3] - Other revenue was $83 million, slightly below the estimate of $83.41 million, reflecting a +2.5% year-over-year change [3] - Revenue from contracts with customers - Fiber was $867 million, exceeding the estimate of $821.31 million, representing a +14.1% year-over-year change [3] - Revenue from contracts with customers - Copper was $604 million, slightly above the estimate of $601.60 million, with a year-over-year change of -8.6% [3] - Fiber - Business and Wholesale revenue reached $330 million, surpassing the estimate of $282.19 million, indicating a +17.4% year-over-year change [3] Stock Performance - Shares of Frontier Communications returned +0.3% over the past month, compared to the Zacks S&P 500 composite's -0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]