Frontier Communications Parent Inc reports results for the quarter ended March 31 - Earnings Summary

• Frontier Communications Parent Inc FYBR.OQ reported a quarterly adjusted loss of 26 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of ten analysts for the quarter was for a loss of 22 cents per share. Wall Street expected results to range from -29 cents to -13 cents per share.

• Revenue rose 3.4% to $1.51 billion from a year ago; analysts expected $1.51 billion.

• Frontier Communications Parent Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $64 million.

• Frontier Communications Parent Inc shares had risen by 1.1% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "hold"

• Wall Street's median 12-month price target for Frontier Communications Parent Inc is $38.50

This summary was machine generated from LSEG data April 29 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)