Several analysts working at Zacks Investment have been expecting the stocks of LUMN to post an EPS of $0.32 for the current quarter. According to reports, four of the investment analysts have already covered the earnings estimates of the company, from a high EPS of $0.40 to a low EPS of $0.24. The company had an EPS of $0.33 the previous year, which is indicative of a negative annual growth rate of about 3%. The company will be uploading their next results of earnings on the 10th of February.
The Quarterly Earnings Of LUMN
LUMN did publish their last quarterly earnings results on the 4th of November. The EPS reported by the company was $0.40 for this quarter, which was more than the consensus estimate of $0.30. The return on its equity for the company is 12.10%, with a net margin fixed at 6.05%. The revenue earned by the firm over the course of the year is $5.17 billion, which is more than the analysts’ expectations of around $5.13 billion.
There have been quite a few research equities that have commented on the stocks of LUMN. ValuEngine has gone ahead and lowered the rating of the company from sell to strong sell in a 1st October research report. Zacks Investment Research has reduced the rating of the company from buy to hold, in a 10th October research report. Morgan Stanley, on the other hand, went and lowered the price target fixed on LUMN- from $13.80 to $12.10 in a research report, along with a rating of equal weight.
Six of the investment analysts covering LUMN have given it a rating of sell, while six more have given a rating of hold. Currently, the company has a price target of $10.31.
