Consolidated Communications (CNSL) Tops Q4 EPS by 6c

Consolidated Communications (NASDAQ: CNSL) reported Q4 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. Revenue for the quarter came in at $326.1 million versus the consensus estimate of $321.76 million.

2021 Outlook

For 2021, Consolidated Communications is providing outlook based on the Company’s new fiber build plan and current capital structure.

• Capital expenditures are expected to be in a range of $400 million to $420 million, reflecting a higher level of spending to support the build plan.
• Adjusted EBITDA is expected to be in a range of $500 million to $510 million, lower than 2020 primarily due to the start-up and acceleration of the fiber build expansion plan.
• Cash interest expense is expected to be in a range of $142 million to $152 million, reflecting the current debt structure.
• Cash income taxes are expected to be in a range of $2 million to $4 million.

For earnings history and earnings-related data on Consolidated Communications (CNSL) click here.

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