Lumen (LUMN) Q4 Earnings and Revenues Top Estimates

Core Insights - Lumen (LUMN) reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of a loss of $0.08 per share, and showing an earnings surprise of 212.50% [1] - The company posted revenues of $3.33 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.36%, although this represents a decline from $3.52 billion in the same quarter last year [2] - Lumen has surpassed consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.25 on revenues of $3.11 billion, and for the current fiscal year, it is -$0.94 on revenues of $12.31 billion [7] - The estimate revisions trend for Lumen is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Market Performance - Lumen shares have declined approximately 8.3% since the beginning of the year, contrasting with the S&P 500's gain of 1.9% [3] - The outlook for the industry, particularly the Technology Services sector, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8]