EPS Beats Expectations, Revenues Lag

Shenandoah Telecommunications (NASDAQ:SHEN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$69.2m (down 3.4% from 1Q 2023).

• Net loss: US$4.09m (down by 298% from US$2.07m profit in 1Q 2023).

• US$0.081 loss per share (down from US$0.041 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shenandoah Telecommunications EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company’s share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Shenandoah Telecommunications is showing 3 warning signs in our investment analysis and 2 of those don’t sit too well with us…

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