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The Zacks Analyst Blog Highlights: DISH, Cincinnati, CenturyLink, America Movil and Liberty
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For Immediate Release
Chicago, IL – February 23, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include DISH Network Corp. , Cincinnati Bell Inc. , CenturyLink Inc. , America Movil S.A.B. (AMX - Free Report) and Liberty Global Plc. (LBTYA - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Telecom Stock Roundup: Q4 Earnings Edition
The telecom space was rife with earnings reports last week. DISH Network Corp. posted mixed financial results in the fourth quarter of 2017. However, Cincinnati Bell Inc., CenturyLink Inc., America Movil S.A.B. and Liberty Global Plc., all reported disappointing results. Notably, all the above-mentioned companies’ top and bottom lines have missed the Zacks Consensus Estimate.
DISH Network’s bottom-line beat the Zacks Consensus Estimate, the top line lagged the same. At the end of 2017, DISH Network had 13.242 million pay-TV subscribers, down 3.1% year over year. DISH TV subscribers were 11.03 million, down 9.4% year over year. Sling TV subscribers were 2.212 million, up 47.4% year over year. During 2017, DISH Network lost 0.995 million DISH TV subscribers but gained 0.711 million Sling TV Customers.
As of Dec 31, 2017, total access lines of CenturyLink were 10.282 million, down 7.3% year over year. High-speed broadband customer count was 5.662 million, down 4.8% year over year. At the end of 2017, Cincinnati Bell had 0.1837 million residential voice lines, down 8.7% year over year and 0.3331 million business voice lines, up 3.3% year over year.
Long distance lines were 0.2936 million, down 7.5%. DSL Internet subscribers were 0.0821 million, down 22.3%. Fioptics Internet customers were 0.2266 million, up 14.7%. Fioptics video subscribers were 0.1465 million, up 6.5% year over year.
In the reported quarter, America Movil added a net 1,680,000 postpaid customers. The company gained 565,000 postpsid subscribers but lost 350,000 prepaid customers. It gained 321,000 broadband connections but lost 278,000 pay-TV ones.
In the reported quarter, Liberty Global added a total of 149,200 RGUs (revenue generating units), including net gains of 116,000 and 87,700 subscribers for broadband Internet and telephony services, respectively. However, the company lost 54,500 video customers. Liberty Global currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
1. CenturyLink's net income in fourth-quarter 2017 was $1,117 million or $1.26 per share, compared with $42 million or 8 cents in the year-ago quarter. However, adjusted earnings per share of 18 cents lagged the Zacks Consensus Estimate of 22 cents. Total revenues in fourth-quarter 2017 were $5,323 million compared with $4,289 million in the prior-year quarter. Revenues also missed the Zacks Consensus Estimate of $5,687 million. (Read more: CenturyLink Q4 Earnings and Revenues Miss Estimates)
2. On a GAAP basis, quarterly net loss of Cincinnati Bell came in at $18.8 million or a loss of 45 cents per share, wider than the net loss of $3.9 million or a loss of 9 cents per share in the year-ago quarter. Further, quarterly adjusted (excluding special items) loss per share was 18 cents, in contrast to the Zacks Consensus Estimate of earnings of 6 cents. Quarterly total revenues of $427.1 million were up a whopping 50% year over year. However, the figure lagged the Zacks Consensus Estimate of $466.5 million. (Read more: Cincinnati Bell Incurs Loss in Q4, Revenues Miss)
3. Quarterly net income of DISH Network came in at $1,385.5 million or $2.64 per share compared with $355.5 million or 73 cents in the year-ago quarter. Fourth quarter adjusted earnings per share of 57 cents were a penny higher than the Zacks Consensus Estimate Total revenues in the reported quarter were approximately $3,483.9 million, down 7.2% year over year lagging the Zacks Consensus Estimate of $3,546 million. (Read more: DISH Network Q4 Earnings Top, Revenues Miss Estimates)
4. America Movil’s net loss was $596 million, up a whopping 98% year over year. Quarterly loss per ADR (American Depository Receipt) of 16 cents was in contrast with the Zacks Consensus Estimate of earnings of 14 cents. Total revenues of approximately $13,917 million highlighted a decrease of 2% on a year-over-year basis missing the Zacks Consensus Estimate of $14,275 million. (Read more: America Movil Posts Q4 Loss, Revenues Miss Estimates)
5. GAAP net loss of Liberty Global in the fourth quarter was $0.992 billion against net income of $2.2 billion in the prior-year quarter. Quarterly net loss per share was 68 cents against earnings of $2.45 reported in the year-ago quarter. Quarterly total revenues of $3,987.7 million were down 5.4% year over year. (Read More: Liberty Global Incurs Loss in Q4, Issues '18 View)
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: DISH, Cincinnati, CenturyLink, America Movil and Liberty
For Immediate Release
Chicago, IL – February 23, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include DISH Network Corp. , Cincinnati Bell Inc. , CenturyLink Inc. , America Movil S.A.B. (AMX - Free Report) and Liberty Global Plc. (LBTYA - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Telecom Stock Roundup: Q4 Earnings Edition
The telecom space was rife with earnings reports last week. DISH Network Corp. posted mixed financial results in the fourth quarter of 2017. However, Cincinnati Bell Inc., CenturyLink Inc., America Movil S.A.B. and Liberty Global Plc., all reported disappointing results. Notably, all the above-mentioned companies’ top and bottom lines have missed the Zacks Consensus Estimate.
DISH Network’s bottom-line beat the Zacks Consensus Estimate, the top line lagged the same. At the end of 2017, DISH Network had 13.242 million pay-TV subscribers, down 3.1% year over year. DISH TV subscribers were 11.03 million, down 9.4% year over year. Sling TV subscribers were 2.212 million, up 47.4% year over year. During 2017, DISH Network lost 0.995 million DISH TV subscribers but gained 0.711 million Sling TV Customers.
As of Dec 31, 2017, total access lines of CenturyLink were 10.282 million, down 7.3% year over year. High-speed broadband customer count was 5.662 million, down 4.8% year over year. At the end of 2017, Cincinnati Bell had 0.1837 million residential voice lines, down 8.7% year over year and 0.3331 million business voice lines, up 3.3% year over year.
Long distance lines were 0.2936 million, down 7.5%. DSL Internet subscribers were 0.0821 million, down 22.3%. Fioptics Internet customers were 0.2266 million, up 14.7%. Fioptics video subscribers were 0.1465 million, up 6.5% year over year.
In the reported quarter, America Movil added a net 1,680,000 postpaid customers. The company gained 565,000 postpsid subscribers but lost 350,000 prepaid customers. It gained 321,000 broadband connections but lost 278,000 pay-TV ones.
In the reported quarter, Liberty Global added a total of 149,200 RGUs (revenue generating units), including net gains of 116,000 and 87,700 subscribers for broadband Internet and telephony services, respectively. However, the company lost 54,500 video customers. Liberty Global currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Read the last Telecom Stock Roundup for Feb 08, 2018.
Recap of the Week’s Most Important Stories
1. CenturyLink's net income in fourth-quarter 2017 was $1,117 million or $1.26 per share, compared with $42 million or 8 cents in the year-ago quarter. However, adjusted earnings per share of 18 cents lagged the Zacks Consensus Estimate of 22 cents. Total revenues in fourth-quarter 2017 were $5,323 million compared with $4,289 million in the prior-year quarter. Revenues also missed the Zacks Consensus Estimate of $5,687 million. (Read more: CenturyLink Q4 Earnings and Revenues Miss Estimates)
2. On a GAAP basis, quarterly net loss of Cincinnati Bell came in at $18.8 million or a loss of 45 cents per share, wider than the net loss of $3.9 million or a loss of 9 cents per share in the year-ago quarter. Further, quarterly adjusted (excluding special items) loss per share was 18 cents, in contrast to the Zacks Consensus Estimate of earnings of 6 cents. Quarterly total revenues of $427.1 million were up a whopping 50% year over year. However, the figure lagged the Zacks Consensus Estimate of $466.5 million. (Read more: Cincinnati Bell Incurs Loss in Q4, Revenues Miss)
3. Quarterly net income of DISH Network came in at $1,385.5 million or $2.64 per share compared with $355.5 million or 73 cents in the year-ago quarter. Fourth quarter adjusted earnings per share of 57 cents were a penny higher than the Zacks Consensus Estimate Total revenues in the reported quarter were approximately $3,483.9 million, down 7.2% year over year lagging the Zacks Consensus Estimate of $3,546 million. (Read more: DISH Network Q4 Earnings Top, Revenues Miss Estimates)
4. America Movil’s net loss was $596 million, up a whopping 98% year over year. Quarterly loss per ADR (American Depository Receipt) of 16 cents was in contrast with the Zacks Consensus Estimate of earnings of 14 cents. Total revenues of approximately $13,917 million highlighted a decrease of 2% on a year-over-year basis missing the Zacks Consensus Estimate of $14,275 million. (Read more: America Movil Posts Q4 Loss, Revenues Miss Estimates)
5. GAAP net loss of Liberty Global in the fourth quarter was $0.992 billion against net income of $2.2 billion in the prior-year quarter. Quarterly net loss per share was 68 cents against earnings of $2.45 reported in the year-ago quarter. Quarterly total revenues of $3,987.7 million were down 5.4% year over year. (Read More: Liberty Global Incurs Loss in Q4, Issues '18 View)
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.