Analysts Anticipate Cincinnati Bell Inc. (CBB) Will Post Quarterly Sales of $390.31 Million

Wall Street analysts forecast that Cincinnati Bell Inc. (NASDAQ:CBB) will report sales of $390.31 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Cincinnati Bell’s earnings, with estimates ranging from $386.90 million to $392.70 million. Cincinnati Bell reported sales of $289.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The company is scheduled to report its next earnings report before the market opens on Thursday, November 8th.

According to Zacks, analysts expect that Cincinnati Bell will report full-year sales of $1.38 billion for the current year, with estimates ranging from $1.37 billion to $1.38 billion. For the next year, analysts expect that the company will post sales of $1.57 billion, with estimates ranging from $1.54 billion to $1.62 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cincinnati Bell.

Cincinnati Bell (NASDAQ:CBB) last posted its quarterly earnings results on Wednesday, August 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The company had revenue of $296.80 million for the quarter, compared to the consensus estimate of $297.96 million.

Separately, Wells Fargo & Co lifted their price objective on shares of Cincinnati Bell to $13.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th.

Shares of NASDAQ:CBB traded down $1.96 during mid-day trading on Friday, reaching $13.04. The company had a trading volume of 658,200 shares, compared to its average volume of 441,599. Cincinnati Bell has a one year low of $9.90 and a one year high of $22.20.

About Cincinnati Bell

Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.

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