CommScope Holding Company Inc reports results for the quarter ended March 31 - Earnings Summary

• CommScope Holding Company Inc COMM.OQ reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of eight analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from -1 cents to 16 cents per share.

• Revenue fell 4.8% to $1.11 billion from a year ago; analysts expected $1.11 billion.

• CommScope Holding Company Inc's reported EPS for the quarter was $2.88​.

• The company reported quarterly net income of $767.1 million.

• CommScope Holding Company Inc shares had fallen by 29.6% this quarter and lost 28.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 575% 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," 5 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "hold"

• Wall Street's median 12-month price target for CommScope Holding Company Inc is $5.50

This summary was machine generated from LSEG data May 1 at 01:32 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)