uploads///Telecom CenturyLink Q EPS Guidance

What’s CenturyLink’s Outlook for 2019?


Feb. 15 2019, Updated 11:10 a.m. ET

Analysts’ estimates

Analysts expect CenturyLink (CTL) to report a ~2.5% fall in its consolidated revenues to $22.9 billion in 2019 compared to $23.4 billion in 2018. The company’s adjusted EPS are expected to be $1.20 in 2019 compared to $1.19 in 2018.

During CenturyLink’s fourth-quarter earnings conference call, the company’s management offered key insights into the outlook for 2019. In the full-year 2019, CenturyLink expects its adjusted EBITDA to be in the range of $9.0 billion to $9.2 billion. Further, the free cash flow (or FCF) is expected to come in in the $3.1 billion to $3.4 billion range. Also, the company has guided for $1.1 billion in dividend payments. CenturyLink has reduced its annual dividend to $1.00 per share from $2.16. The company also expects its capital expenditures to be between $3.5 billion to $3.8 billion for 2019.

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Peer comparison

In comparison, AT&T’s (T) adjusted EPS are expected to increase ~1.7% YoY to reach $3.58 in 2019, while Verizon’s (VZ) adjusted EPS are expected to fall ~1.1% YoY to $4.66. Frontier Communications (FTR) and Windstream Holdings (WIN) are expected to report adjusted EPS of -$0.40 and -$7.62, respectively, in 2019.


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