Windstream
The 10-second takeaway
For the quarter ended March 31 (Q1), Windstream met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins contracted, and net margins expanded.
Revenue details
Windstream booked revenue of $1.55 billion. The 13 analysts polled by S&P Capital IQ anticipated a top line of $1.56 billion on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $1.02 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.13. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. GAAP EPS of $0.11 for Q1 were 120% higher than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 54.5%, 760 basis points worse than the prior-year quarter. Operating margin was 17.9%, 1,060 basis points worse than the prior-year quarter. Net margin was 4.2%, 190 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.56 billion. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $6.23 billion. The average EPS estimate is $0.59.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Windstream is outperform, with an average price target of $13.52.
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