Cincinnati Bell Inc. is a leading regional diversified telecommunications and technology service provider to both residential and business customers. The company operates its business through two segments: Entertainment and Communications and IT Services & Hardware.
Introduction of MyTV through its Fioptics high-speed Internet service bodes well as providing smaller, tailored TV channel packages are likely to drive the company’s top line as well as check churn. Moreover, creation of a new business division aimed at providing support services to various small and mid-sized Businesses (SMBs) is an added positive.
On the flip side, continuous erosion in local access lines, heavy capital expenditure requirements, slower pace of ARPU growth along with legal hurdles remain potent headwinds. Moreover, intensifying competition in the company’s operational region can be a drag on its pricing power, thereby inducing pressure on its margins.
Cincinnati Bell currently carries a Zacks Rank #2 (Buy). The company has generated a positive average earnings surprise of 25% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cincinnati Bell reported second-quarter 2016 adjusted earnings per share of a penny, lower than the Zacks Consensus Estimate of 2 cents.
Revenue: Cincinnati Bell reported total revenue of $299.2 million, beating the Zacks Consensus Estimate of $294 million.
Key States to Note: At the end of the second-quarter of 2016, Cincinnati Bell had 0.2091 million residential local access lines, down 7.4% year over year and 0.3159 million business local access lines, up 2.9% year over year. Long distance lines were 0.3159 million, up1.9%. DSL Internet subscribers were 0.121 million, down 14.7%. Fioptics Internet customers were 0.175 million, up a whopping 32.1%. Fioptics video subscribers were 0.1268 million, up 24.9% year over year.
Check back later for our full write up on this Cincinnati Bell earnings report later!
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Cincinnati Bell (CBB) Lags Q2 Earnings, Beats Revenue Estimates
Cincinnati Bell Inc. is a leading regional diversified telecommunications and technology service provider to both residential and business customers. The company operates its business through two segments: Entertainment and Communications and IT Services & Hardware.
Introduction of MyTV through its Fioptics high-speed Internet service bodes well as providing smaller, tailored TV channel packages are likely to drive the company’s top line as well as check churn. Moreover, creation of a new business division aimed at providing support services to various small and mid-sized Businesses (SMBs) is an added positive.
On the flip side, continuous erosion in local access lines, heavy capital expenditure requirements, slower pace of ARPU growth along with legal hurdles remain potent headwinds. Moreover, intensifying competition in the company’s operational region can be a drag on its pricing power, thereby inducing pressure on its margins.
Cincinnati Bell currently carries a Zacks Rank #2 (Buy). The company has generated a positive average earnings surprise of 25% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cincinnati Bell reported second-quarter 2016 adjusted earnings per share of a penny, lower than the Zacks Consensus Estimate of 2 cents.
Revenue: Cincinnati Bell reported total revenue of $299.2 million, beating the Zacks Consensus Estimate of $294 million.
CINCINNATI BELL Price and EPS Surprise
CINCINNATI BELL Price and EPS Surprise | CINCINNATI BELL Quote
Key States to Note: At the end of the second-quarter of 2016, Cincinnati Bell had 0.2091 million residential local access lines, down 7.4% year over year and 0.3159 million business local access lines, up 2.9% year over year. Long distance lines were 0.3159 million, up1.9%. DSL Internet subscribers were 0.121 million, down 14.7%. Fioptics Internet customers were 0.175 million, up a whopping 32.1%. Fioptics video subscribers were 0.1268 million, up 24.9% year over year.
Check back later for our full write up on this Cincinnati Bell earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>