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What Are CenturyLink’s Major Long-Term Growth Drivers?

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Part 2
What Are CenturyLink’s Major Long-Term Growth Drivers? PART 2 OF 9

Why CenturyLink’s 2Q17 Earnings Missed Estimates

CenturyLink’s earnings over the past few quarters

In the previous part of this series, we discussed CenturyLink’s (CTL) outlook for the rest of fiscal 2017. The decreasing trend in CenturyLink’s earnings continued during 2Q17.

CenturyLink reported mixed 2Q17 results, with revenues, adjusted EBITDA,1 and adjusted diluted EPS (earnings per share) all within the company’s previously provided guidance ranges. However, its results were much weaker than expected on the subscriber side.

Why CenturyLink’s 2Q17 Earnings Missed Estimates

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In 2Q17, on an adjusted level, the telecom company missed Wall Street analysts’ expectations. CTL’s adjusted EPS of $0.46 in 2Q17 missed consensus estimates by ~6.1%.

CenturyLink’s (CTL) adjusted EBITDA was ~$1.4 billion in 2Q17 compared to ~$1.7 billion in 2Q16. Its adjusted EBITDA margin decreased from 37.5% in 2Q16 to 35.3% in 2Q17.

CenturyLink’s peer comparison of earnings per share in 2Q17

In 2Q17, Verizon’s (VZ) adjusted EPS increased ~2.1% year-over-year (or YoY) to reach $0.96 on the exclusion of one-time items. Meanwhile, AT&T’s (T) adjusted EPS rose ~9.7% YoY to reach $0.79 in 2Q17. However, Windstream’s (WIN) EPS decreased from $0.01 in 2Q16 to -$0.37 in 2Q17.

In the next part, we’ll look at CenturyLink’s revenue growth in 2Q17.

  1. earnings before interest, tax, depreciation, and amortization
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