Frontier’s earnings trend
In 2018, Frontier Communications’ (FTR) adjusted net income and EPS were -$120 million and -$1.34, respectively—compared to -$295 million and -$3.79 in 2017. In the fourth quarter of 2018, Frontier Communications reported an adjusted net income and EPS of -$6 million and -$0.06, respectively—compared to -$46 million and -$0.59 in the fourth quarter of 2017.
Analysts expect Frontier Communications to report an adjusted net income and EPS of -$40 million and -$0.36, respectively, in the first quarter of 2019. Analysts expect the company to post an adjusted net income and EPS of -$143 million and -$1.11, respectively, in fiscal 2019.
Customer additions and losses
In 2018, Frontier Communications lost 203,000 broadband customers. The company lost 333,000 broadband customers in 2017. Comcast (CMCSA) and Charter Communications (CHTR) added the most broadband customers in 2018. Charter Communications added 1.1 million customers, while Comcast added 1.2 million residential high-speed Internet customers.
In 2018, Frontier Communications lost 153,000 total video customers due to traditional pay-TV customers shifting to cheaper over-the-top services like Netflix and Amazon’s Prime Video.