uploads/2019/05/stock-1863880_1920.jpg

Are Frontier Communications’ Operating Losses Improving?

By

Updated

Frontier’s earnings

Frontier Communications’ (FTR) adjusted net loss attributable to its common shareholders decreased to $19 million in the first quarter as compared to a net loss of $45 million in the first quarter of 2018. The company reported an adjusted EPS loss of $0.18 in the first quarter, narrower than its adjusted EPS loss of $0.58 in the first quarter of 2018. Wall Street analysts on average were expecting the company to report adjusted EPS loss of $0.38 in the first quarter.

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Frontier generated total revenues of $2.101 billion in the first quarter, which was in line with analysts’ consensus estimate of $2.102 billion. However, the company’s revenues decreased by ~4.5% YoY from $2.199 billion in the first quarter of 2018.

Article continues below advertisement

Peer comparison

In comparison, Comcast’s (CMCSA) adjusted EPS rose ~22.6% YoY to $0.76 in the first quarter. Charter Communications (CHTR) reported adjusted EPS of $1.11 in the first quarter as compared with $0.70 in the first quarter of 2018. CenturyLink’s (CTL) adjusted EPS are expected to grow ~8.0% YoY to $0.27.

Advertisement

More From Market Realist