Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.15 per share.
For the full year, analysts predict revenues of $ 1296.94 million, while looking forward to income of $ 0.68 per share.
Previous Quarter Performance
Consolidated Communications Holdings, Inc. reported income for the second quarter of $ 0.21 per share, from the revenue of $ 325.18 million. The quarterly revenues dropped 2.54 percent compared with the same quarter last year. Street analysts expected Consolidated Communications Holdings, Inc. to report income of $ 0.10 per share on revenue of $ 321.57 million for the second quarter. The bottom line results beat street analysts by $ 0.11 or 110.00 percent, at the same time, top line results outshined analysts by $ 3.61 million or 1.12 percent.
Stock Performance
Shares of Consolidated Communications Holdings, Inc. traded up $ 0.01 or 0.21 percent on Wednesday, reaching $ 4.72 with volume of 602.60 thousand shares. Consolidated Communications Holdings, Inc. has traded high as $ 4.83 and has cracked $ 4.58 on the downward trend
According to the previous trading day, closing price of $ 4.72, representing a 37.72 % increase from the 52 week low of $ 3.42 and a 46.54 % decrease over the 52 week high of $ 8.81.
The company has a market capital of $ 374.82 million and is part of the Communication Services sector and Telecom Services industry.
Conference Call
Consolidated Communications Holdings, Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.consolidated.com
Consolidated Communications Holdings, Inc., through its subsidiaries, provides telecommunications services to business and residential customers in the United States. It offers high-speed broadband Internet access and voice over Internet protocol (VoIP) phone services to small, medium, and large business customers; commercial data connectivity services in select markets, including a portfolio of Ethernet services, software defined wide area network, multi-protocol label switching, and private line services; and wholesale services to regional and national interexchange and wireless carriers, including cellular backhaul, dark fiber, and other fiber transport solutions. The company also provides voice services that include local phone and long-distance service packages for business customers; and sells business equipment and provides related hardware and maintenance support, video, and other miscellaneous services, as well as rents customer premises equipment.
