Lumen Technologies Q2 earnings likely to see a drop amid internal and external concerns

Aug. 02, 2022 1:41 PM ETLumen Technologies, Inc. (LUMN)By: Khyathi Dalal, SA News Editor13 Comments

Construction site for installing fiber optic cables under the ground beside a street to bring fast internet to all residents, selected focus

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  • Lumen Technologies (NYSE:LUMN) is scheduled to announce Q2 earnings results on Wednesday, August 3rd, after market close.
  • The consensus EPS Estimate is $0.46 (-4.2% Y/Y) and the consensus Revenue Estimate is $4.59B (-6.7% Y/Y).
  • A report by Zacks indicates that weakness in mid-market demand, a decline in legacy voice services and substitution of its traditional wireline telephone services by wireless and other competitive low-priced offerings, together with massive debt, are concerns.

  • Uncertainty prevailing over global macroeconomic conditions, inflationary pressure and protracted supply chain issues are likely to have hurt Lumen’s Q2 revenues.
  • In the last reported quarter, the company added 27K Quantum Fiber subscribers, taking the count to 830K quantum fiber subscribers at the end of the reported quarter.
  • The company is focusing on addressing the dynamic requirements of its wide enterprise customer base led by its various strategic initiatives.
  • Over the last 3 months, EPS estimates have seen 7 upward revisions and 1 downward. Revenue estimates have seen 2 upward revisions and 8 downward.
  • Over the last 2 years, LUMN has beaten EPS estimates 88% of the time and has beaten revenue estimates 25% of the time.
  • In its latest reported investor presentation, the company updated its FY22 outlook based on adjusted timing of the 20-state ILEC business divestiture:
  • Of the 12 Wall Street Analysts covering the stock, 5 rate it a Hold while 3 assign a Sell; in the past 6-months trading, the stock lost 15%.
  • Quant Rating stands at Hold for the stock.Of the 9 SA Author’s Rating, Strong Buy, Buy and Hold all have 3 each; Recent earnings Analysis from our contributors: Lumen Technologies: Beware Of The Elephant In The Room

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