Anterix (ATEX) Reports Q3 Loss, Lags Revenue Estimates

Core Insights - Anterix reported a quarterly loss of $0.46 per share, better than the Zacks Consensus Estimate of a loss of $0.57, and an improvement from a loss of $0.55 per share a year ago, resulting in an earnings surprise of 19.30% [1] - The company generated revenues of $1.57 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.51%, but showing an increase from $1.27 million year-over-year [2] - Anterix shares have declined approximately 7% year-to-date, contrasting with the S&P 500's gain of 3.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.55 on revenues of $1.64 million, and for the current fiscal year, it is -$2.65 on revenues of $6.36 million [7] - The estimate revisions trend for Anterix is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Communication - Infrastructure industry, to which Anterix belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Bandwidth, another company in the same industry, is expected to report quarterly earnings of $0.38 per share, with revenues projected to be $203.49 million, reflecting a 23% increase from the previous year [9][10]