Windstream Holdings Inc. (WIN - Free Report) is a leading rural local exchange carrier in the U.S. The company offers broadband, telephony and digital TV services to consumers primarily in rural areas. Windstream also provides advanced network communications such as cloud computing and managed services to business enterprises.
Windstream has been losing access lines due to pricing pressure and fierce competition. The company is also under pressure with losses in the wholesale business. Being a local exchange carrier, Windstream remains exposed to stringent regulatory measures by the Federal Communications Commission as well as state regulations. We also remain concerned about the company’s highly leveraged balance sheet.
Windstream currently carries a Zacks Rank #5 (Strong Sell). The company has generated a massive negative average earnings surprise of 42.58% in the previous four quarters. Its peers like CenturyLink Inc. (CTL - Free Report) , NII Holdings Inc. and Frontier Communications Corp. (FTR - Free Report) currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Windstream posted narrower than expected net loss in the second quarter of 2017. Our consensus estimate called for loss of 45 cents per share and the company reported loss per share of 37 cents. Investors should note that these figures take out stock option expenses.
Revenue: Windstream reported total revenue of $1,491.6 million lagging our estimate of $1,499 million.
Key States to Note: At second-quarter 2017 end, the company had 1.0258 million high-speed internet subscribers and 0.3007 million digital TV customers.
Check back later for our full write up on this Windstream Holdings earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>