News

For the quarter ended March 2024, Lumen (LUMN) reported revenue of $3.29 billion, down 12% over the same period last year. EPS came in at -$0.04, compared to $0.10 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.39 billion, representing a surprise of -3.00%. The company delivered an EPS surprise of -33.33%, with the consensus EPS estimate being -$0.03.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lumen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Fiber Broadband Subscribers: 952 thousand compared to the 941 thousand average estimate based on two analysts.
• Fiber broadband enabled units: 3,800 thousand compared to the 3,825 thousand average estimate based on two analysts.
• Mass Markets total broadband subscribers: 2,710 thousand compared to the 2,698.14 thousand average estimate based on two analysts.
• Other Broadband subscribers: 1,758 thousand compared to the 1,757.14 thousand average estimate based on two analysts.
• Operating Revenues- Total Business Segment Revenue: $2.59 billion versus the three-analyst average estimate of $2.69 billion. The reported number represents a year-over-year change of -12.4%.
• Operating Revenues- Total Mass Markets Revenue: $699 million compared to the $716.90 million average estimate based on three analysts. The reported number represents a change of -10.6% year over year.
• Operating Revenues- Total Business Segment Revenue- Wholesale: $730 million versus the three-analyst average estimate of $737.26 million. The reported number represents a year-over-year change of -10.7%.
• Large Enterprise- TOTAL: $858 million compared to the $1.03 billion average estimate based on three analysts.
• Voice and Other-Mass Markets Segment by Product Category: $214 million versus the three-analyst average estimate of $227.99 million.
• Public Sector- TOTAL: $420 million compared to the $444.83 million average estimate based on three analysts.
• Fiber Broadband-Mass Markets Segment by Product Category: $170 million versus $171.13 million estimated by three analysts on average.
• Other Broadband-Mass Markets Segment by Product Category: $315 million compared to the $317.79 million average estimate based on three analysts.

View all Key Company Metrics for Lumen here>>>

Shares of Lumen have returned -16.4% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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