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CenturyLink’s Earnings Growth Might Continue in Q1

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CenturyLink’s earnings

CenturyLink (CTL) is scheduled to report its first-quarter earnings results on May 8. Analysts expect CenturyLink’s adjusted EPS to reach $0.27 in the first quarter—compared to $0.25 in the first quarter of 2018. Analysts expect the company to report an adjusted EPS of $1.18 in fiscal 2019, $1.29 in fiscal 2020, and $1.29 in fiscal 2021.

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In the fourth quarter of 2018, on an adjusted level, CenturyLink reported an EPS of $0.37, which was higher than analysts’ expectations of $0.32. Excluding integration-related expenses and special items, the profits in the fourth quarter of 2018 were $394 million—higher than the profits of $132 million or $0.12 per share reported in the fourth quarter of 2017 on a pro forma basis.

Peer comparison

Comcast’s (CMCSA) adjusted EPS is expected to rise ~9.7% YoY (year-over-year) to $0.68 in the first quarter. Charter Communications’ (CHTR) adjusted EPS is expected to grow ~101.4% YoY to $1.41. Frontier Communications (FTR) is expected to report an adjusted EPS loss of $0.38 in the same quarter.

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