Consolidated Communications (CNSL) Misses Q4 EPS by 10c

Consolidated Communications (NASDAQ: CNSL) reported Q4 EPS of ($0.17), $0.10 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $296 million versus the consensus estimate of $287.23 million.

2023 Outlook:

The Company’s 2023 outlook includes another inflection point with nearly half of its service area being FttP by year end, which provides a significant addressable market opportunity to drive revenue and EBITDA growth in 2024.

Consolidated Communications is providing the following outlook for the full-year 2023.

• Adjusted EBITDA is expected to be in a range of $310 million to $330 million.
• Capital expenditures are expected to be in a range of $425 million to $445 million.
• Cash interest expense is expected to be in a range of $145 million to $155 million.
• Cash income taxes are expected to be below $10 million.

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

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