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Cincinnati Bell (CBB) Tops Q3 Earnings and Revenues Estimates
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Cincinnati Bell Inc. is a leading regional diversified telecommunications and technology service provider to both residential and business customers. The company operates through three segments: Wireline, IT Services & Hardware and Wireless.
Cincinnati Bell continues to experience erosion in high-margin local access lines. Expansion and maintenance of its networks require significant capital expenditures. Intense competition in the company’s operational region can be a drag on the company’s pricing power, thereby inducing downward pressure on its margins.
Moreover, in second-quarter 2017, the company’s performance in certain metrics was quite disappointing. We expect the company to recover from these factors in the to-be-reported quarter.
However, we appreciate Cincinnati Bell’s efforts to transform itself from a telecom company into a technology company with fiber assets offering flexible data, video, voice and IP solutions to consumers and business clients.
Cincinnati Bell currently carries a Zacks Rank #4 (Sell). A better-ranked company in this space is TELUS Corp. (TU - Free Report) with a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a negative average earnings surprise of 1.04% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cincinnati Bell beats Q3 2017 earnings. Our consensus estimate called for adjusted loss per share of 2 cents while the company reported adjusted earnings per share (EPS) of 3 cents. Investors should note that these figures take out stock option expenses.
Revenue: Cincinnati Bell reported total revenues of $289.2 million surpassing our consensus estimate by around $2.9 million.
Key States to Note: At the end of the third quarter of 2017, Cincinnati Bell had 0.1876 million residential voice lines, down 8.4% year over year and 0.3240 million business voice lines, up 1.6% year over year. Long distance lines were 0.2991 million, down 7.6%. DSL Internet subscribers were 0.0867 million, down 24.1%. Fioptics Internet customers were 0.2212 million, up 19.2%. Fioptics video subscribers were 0.1435 million, up 7.6% year over year.
Check back later for our full write up on this Cincinnati Bell earnings report later!
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Cincinnati Bell (CBB) Tops Q3 Earnings and Revenues Estimates
Cincinnati Bell Inc. is a leading regional diversified telecommunications and technology service provider to both residential and business customers. The company operates through three segments: Wireline, IT Services & Hardware and Wireless.
Cincinnati Bell continues to experience erosion in high-margin local access lines. Expansion and maintenance of its networks require significant capital expenditures. Intense competition in the company’s operational region can be a drag on the company’s pricing power, thereby inducing downward pressure on its margins.
Moreover, in second-quarter 2017, the company’s performance in certain metrics was quite disappointing. We expect the company to recover from these factors in the to-be-reported quarter.
However, we appreciate Cincinnati Bell’s efforts to transform itself from a telecom company into a technology company with fiber assets offering flexible data, video, voice and IP solutions to consumers and business clients.
Cincinnati Bell currently carries a Zacks Rank #4 (Sell). A better-ranked company in this space is TELUS Corp. (TU - Free Report) with a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a negative average earnings surprise of 1.04% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cincinnati Bell beats Q3 2017 earnings. Our consensus estimate called for adjusted loss per share of 2 cents while the company reported adjusted earnings per share (EPS) of 3 cents. Investors should note that these figures take out stock option expenses.
Revenue: Cincinnati Bell reported total revenues of $289.2 million surpassing our consensus estimate by around $2.9 million.
Key States to Note: At the end of the third quarter of 2017, Cincinnati Bell had 0.1876 million residential voice lines, down 8.4% year over year and 0.3240 million business voice lines, up 1.6% year over year. Long distance lines were 0.2991 million, down 7.6%. DSL Internet subscribers were 0.0867 million, down 24.1%. Fioptics Internet customers were 0.2212 million, up 19.2%. Fioptics video subscribers were 0.1435 million, up 7.6% year over year.
Cincinnati Bell Inc Price and EPS Surprise
Cincinnati Bell Inc Price and EPS Surprise | Cincinnati Bell Inc Quote
Check back later for our full write up on this Cincinnati Bell earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>