Frontier Communications (Nasdaq: FTR) reported earnings on Aug. 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Frontier Communications beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped.

Gross margins improved, operating margins improved, net margins dropped.

Revenue details
Frontier Communications logged revenue of $1.26 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $1.25 billion on the same basis. GAAP reported sales were 4.8% lower than the prior-year quarter's $1.32 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 $0.08. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.02 for Q2 were 33% lower than the prior-year quarter's $0.03 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 90.8%, 30 basis points better than the prior-year quarter. Operating margin was 23.5%, 390 basis points better than the prior-year quarter. Net margin was 1.4%, 100 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.23 billion. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $4.98 billion. The average EPS estimate is $0.28.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 983 members out of 1,086 rating the stock outperform, and 103 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Frontier Communications a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Frontier Communications is outperform, with an average price target of $5.04.

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