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What’s CenturyLink’s Earnings Trend in 2019?

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Jun. 24 2019, Updated 9:03 a.m. ET

Earnings trend

In the first quarter, CenturyLink (CTL) reported an adjusted net income and diluted EPS of $360 million and $0.34, respectively—compared to $262 million and $0.25 in the first quarter of 2018. The company’s adjusted EPS rose 36% YoY (year-over-year). CenturyLink’s adjusted EPS was above analysts’ consensus expectation of $0.27 for the first quarter.

Analysts expect CenturyLink’s adjusted EPS to change YoY by 19.2% to $0.31 in the second quarter, 6.7% to $0.32 in the third quarter, and -13.5% to $0.32 in the fourth quarter. Analysts also expect the company’s adjusted EPS to change YoY by 10.1% to $1.31 in 2019, 0.8% to $1.32 in 2020, and 6.8% to $1.41 in 2021.

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Peers’ performance

Charter Communications’ (CHTR) adjusted EPS is expected to rise 64.3% YoY to $1.89 in the second quarter, while Comcast’s (CMCSA) adjusted EPS is expected to rise 15.4% YoY to $0.75. Frontier Communications (FTR) is expected to report an adjusted EPS loss of $0.29 in the second quarter.

CenturyLink and Frontier Communications stock have fallen 25.1% and 43.3%, respectively, year-to-date. Comcast and Charter Communications stock have risen 28.3% and 39.9%, respectively.

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