10 May

CenturyLink Reiterates Its 2019 Guidance

WRITTEN BY Ambrish Shah

CenturyLink’s outlook for 2019

In its first-quarter earnings investor presentation, CenturyLink (CTL) reiterated its guidance for 2019. For 2019, CenturyLink expects its adjusted EBITDA to come in at $9.0 billion–$9.2 billion. Further, its free cash flow is expected to be between $3.1 billion and $3.4 billion.

The company also intends to continue paying dividends in 2019 and is guiding for $1.1 billion in dividend payments. It expects its capex to be in the range of $3.5 billion–$3.8 billion in the year.

CenturyLink Reiterates Its 2019 Guidance

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Analysts’ estimates

Analysts expect CenturyLink’s adjusted EPS to see YoY (year-over-year) rises of 4.2% to $1.24 in 2019, 5.6% to $1.31 in 2020, and 4.6% to $1.37 in 2021.

Analysts also expect CenturyLink’s adjusted EPS to see YoY changes of 19.2% to $0.31 in the second quarter, 10.0% to $0.33 in the third quarter, and -10.8% to $0.33 in the fourth quarter of 2019.

Analysts expect CenturyLink’s total revenues to see YoY falls of -4.0% to $22.5 billion in 2019, -2.4% to $22.0 billion in 2020, and -2.4% to $21.4 billion in 2021.

Analysts expect the company’s total revenues to see YoY falls of -4.6% to $5.631 billion in the second quarter, -3.8% to $5.598 billion in the third quarter, and -3.5% to $5.574 billion in the fourth quarter of 2019.

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