Outlook for 2019
In the first-quarter earnings investor presentation, Frontier Communications (FTR) reiterated its guidance for fiscal 2019. For fiscal 2019, Frontier Communications expects its adjusted EBITDA to be $3.45 billion–$3.55 billion. The company expects its adjusted free cash flow to be $575 million–$675 million in 2019. Frontier Communications forecasts its capital expenditures to reach ~$1.15 billion. The company expects its cash taxes to be less than $25 million. Frontier Communications forecasts cash pension and other post-employment benefits of ~$175 million, while it forecasts cash interest expenses of ~$1.475 billion for fiscal 2019.
Analysts expect Frontier Communications to report an adjusted EPS of -$0.26 in the second quarter, -$0.22 in the third quarter, and -$0.07 in the fourth quarter.
Frontier Communications is expected to report an adjusted EPS of -$1.24 in fiscal 2019, -$0.93 in fiscal 2020, and -$1.49 in fiscal 2021.
Analysts expect Frontier Communications’ total revenues to change YoY (year-over-year) by -4.2% to $2.07 billion in the second quarter, -3.9% to $2.04 billion in the third quarter, and -4.7% to $2.03 billion in the fourth quarter.
The company’s total revenues are forecast to change YoY by -4.5% to $8.22 billion in fiscal 2019, -4.5% to $7.85 billion in fiscal 2020, and -3.8% to $7.55 billion in fiscal 2021.