CommScope Holding Company Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 26, 2025
EPS estimate $0.180
EPS actual -
Revenue estimate 1.113B
Revenue actual -
Expected change +/- 16.06%
Q3 2024 Missed
-$0.0500 (-115.15%)
Release date Nov 07, 2024
EPS estimate $0.330
EPS actual -$0.0500
EPS Surprise -115.15%
Revenue estimate 1.112B
Revenue actual 1.082B
Revenue Surprise -2.71%
Q2 2024 Missed
$0.340 (-8.11%)
Release date Aug 08, 2024
EPS estimate $0.370
EPS actual $0.340
EPS Surprise -8.11%
Revenue estimate 1.228B
Revenue actual 1.387B
Revenue Surprise 12.91%
Q1 2024 Beat
-$0.0800 (65.22%)
Release date May 09, 2024
EPS estimate -$0.230
EPS actual -$0.0800
EPS Surprise 65.22%
Revenue estimate 1.067B
Revenue actual 1.168B
Revenue Surprise 9.53%

Last 4 Quarters for CommScope Holding Company

Below you can see how COMM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 09, 2024
Fiscal end date Mar 31, 2024
Price on release $1.11
EPS estimate -$0.230
EPS actual -$0.0800
EPS surprise 65.22%
Date Price
May 03, 2024 $0.99
May 06, 2024 $0.92
May 07, 2024 $0.98
May 08, 2024 $1.05
May 09, 2024 $1.11
May 10, 2024 $1.05
May 13, 2024 $1.03
May 14, 2024 $1.17
May 15, 2024 $1.15
4 days before 11.90%
4 days after 3.60%
On release day -5.41%
Change in period 15.93%
Q2 2024 Missed
Release date Aug 08, 2024
Fiscal end date Jun 30, 2024
Price on release $2.79
EPS estimate $0.370
EPS actual $0.340
EPS surprise -8.11%
Date Price
Aug 02, 2024 $2.29
Aug 05, 2024 $2.02
Aug 06, 2024 $2.21
Aug 07, 2024 $2.13
Aug 08, 2024 $2.79
Aug 09, 2024 $2.86
Aug 12, 2024 $2.92
Aug 13, 2024 $3.24
Aug 14, 2024 $3.38
4 days before 21.83%
4 days after 21.15%
On release day 2.51%
Change in period 47.60%
Q3 2024 Missed
Release date Nov 07, 2024
Fiscal end date Sep 30, 2024
Price on release $5.20
EPS estimate $0.330
EPS actual -$0.0500
EPS surprise -115.15%
Date Price
Nov 01, 2024 $6.79
Nov 04, 2024 $6.42
Nov 05, 2024 $6.64
Nov 06, 2024 $6.95
Nov 07, 2024 $5.20
Nov 08, 2024 $4.70
Nov 11, 2024 $4.75
Nov 12, 2024 $4.68
Nov 13, 2024 $4.47
4 days before -23.42%
4 days after -14.04%
On release day -9.62%
Change in period -34.17%
Q4 2024 (Upcoming)
Release date Feb 26, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $0.180
EPS actual -
Date Price
Feb 06, 2025 $5.13
Feb 07, 2025 $5.05
Feb 10, 2025 $5.11
Feb 11, 2025 $5.06
Feb 12, 2025 $5.05

CommScope Holding Company Earnings Call Transcript Summary of Q3 2024

  • Adjusted EBITDA: $220 million, up 25% year-over-year, with an EBITDA margin of 20.4% (up from 16.7% in Q3 2023).
  • Adjusted EPS: Negative $0.05 per share, but improved by 58% sequentially.
  • Core CommScope Backlog: $882 million, down from Q2 2024.
Segment Performance:
  • CCS (Connectivity & Cable Solutions):
    • Revenue grew 17%, driven by demand from hyperscale and cloud data centers.
    • Adjusted EBITDA increased by 115%, with strong margins at 23.5%.
    • Continued capacity investments, anticipating additional $300 million in revenue.
    • Overall strong outlook for data centers over the coming years.
  • Core NICS (Networks and Cloud Solutions):
    • Revenue decreased 22% year-over-year but increased 19% sequentially.
    • Adjusted EBITDA decreased 29% year-over-year.
    • Positive momentum expected from RUCKUS initiatives and improved inventory levels.
  • ANS (Advanced Network Solutions):
    • Revenue declined 15% from the prior year due to customer inventory adjustments and upgrade delays.
    • Adjusted EBITDA decreased 67% year-over-year.
    • Anticipates modest revenue growth in Q4 2024, with significant opportunities tied to DOCSIS upgrades.
Market Insights:
  • Broadband Growth Opportunities: CommScope is leveraging federal funding programs like BEAD to prepare for significant broadband projects, expected to ramp up in 2026.
  • Data Center Capacity Expansion: Continued investments are deemed highly accretive with quick payback periods.
  • Operating Environment: A mixed demand environment exists, with recovery signals in some segments while others experience delays.
Capital Structure and Future Outlook:
  • Divestiture: CommScope expects the sale of its OWN and DAS businesses to Amphenol to close in Q1 2025, post which it anticipates improved flexibility in its capital structure.
  • Cash Flow: Generated $122 million from operating cash flow with free cash flow of $115 million.
  • Net Leverage Ratio: Decreased to 9.1 from 9.7 the previous quarter.
2024 Guidance:
  • Core Adjusted EBITDA Forecast: Projected between $700 million to $750 million for the full year, with expectations for free cash flow to break even.
  • 2025 Outlook: While improvements are anticipated, no formal guidance is provided due to market uncertainty. The company is focusing on managing costs, leveraging federal programs to capture broadband growth, and strategically managing its capital structure amid ongoing divestitures. Overall, there is cautious optimism for the future with an eye on improving performance as market conditions stabilize.

CommScope Holding Company Earnings History

Earnings Calendar

FAQ

When is the earnings report for COMM?
CommScope Holding Company (COMM) has scheduled its earnings report for Feb 26, 2025 before the markets open.

What is the COMM price-to-earnings (P/E) ratio?
COMM P/E ratio as of Feb 12, 2025 (TTM) is -1.26.

What is the COMM EPS forecast?
The forecasted EPS (Earnings Per Share) for CommScope Holding Company (COMM) for the first fiscal quarter 2024 is $0.180.

What are CommScope Holding Company's retained earnings?
On its balance sheet, CommScope Holding Company reported retained earnings of $1.08 billion for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
Click to get the best stock tips daily for free!
ABOUT COMMSCOPE HOLDING COMPANY
CommScope Holding Company
CommScope Holding Company, Inc. provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copp...
GOLDEN STAR
Ticker Change Signal Date
LFUS
$234.72
3.32% Feb 10
ITW
$255.56
0.192% Feb 07
O
OBDC
$15.00
2.20% Feb 07
GGB
$2.95
2.37% Feb 06
BUD
$49.11
6.45% Feb 05

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE