Zacks: Analysts Anticipate Windstream Holdings Inc (WIN) to Post -$2.44 EPS

Equities research analysts forecast that Windstream Holdings Inc (NASDAQ:WIN) will report earnings of ($2.44) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Windstream’s earnings, with the lowest EPS estimate coming in at ($2.94) and the highest estimate coming in at ($1.87). Windstream reported earnings per share of ($2.75) during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.3%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that Windstream will report full year earnings of ($10.62) per share for the current financial year, with EPS estimates ranging from ($11.29) to ($10.01). For the next financial year, analysts forecast that the firm will report earnings of ($5.88) per share, with EPS estimates ranging from ($9.12) to ($2.53). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Windstream.

Windstream (NASDAQ:WIN) last announced its earnings results on Thursday, August 9th. The technology company reported ($2.30) EPS for the quarter, beating analysts’ consensus estimates of ($2.66) by $0.36. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company posted ($1.85) earnings per share. Windstream’s quarterly revenue was down 3.2% on a year-over-year basis.

WIN has been the subject of a number of research reports. ValuEngine cut shares of Windstream from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut shares of Windstream from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Citigroup cut shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a report on Wednesday, July 18th. Cowen reissued a “buy” rating and set a $8.00 price target on shares of Windstream in a report on Friday, August 10th. Finally, Bank of America cut their price target on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a report on Monday, August 13th. Seven equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Windstream presently has an average rating of “Hold” and a consensus price target of $4.98.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC raised its holdings in Windstream by 127.1% during the first quarter. MetLife Investment Advisors LLC now owns 90,224 shares of the technology company’s stock worth $127,000 after purchasing an additional 50,491 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Windstream during the second quarter worth about $131,000. MYDA Advisors LLC acquired a new position in Windstream during the second quarter worth about $132,000. Acadian Asset Management LLC acquired a new position in Windstream during the second quarter worth about $173,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Windstream during the second quarter worth about $174,000. 60.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:WIN opened at $4.53 on Friday. Windstream has a one year low of $3.03 and a one year high of $13.65. The company has a debt-to-equity ratio of -7.40, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market capitalization of $194.51 million, a PE ratio of -0.56 and a beta of -0.06.

About Windstream

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.

Recommended Story: Technical Analysis of Stocks and What It Means

Get a free copy of the Zacks research report on Windstream (WIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Windstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Windstream and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply