Uniti (UNIT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Uniti Group Inc.'s Q4 2024 results were mixed, but the overall outlook remains positive, reaffirming my 'strong buy' rating due to significant undervaluation. Despite missing analysts' expectations, Uniti Group's revenue grew by 2.7%, and operating cash flow and EBITDA showed strong improvements. The company's strategic debt reduction and promising merger with Windstream enhance its financial stability and growth potential, particularly in AI infrastructure.
Uniti Group Inc. (NASDAQ:UNIT ) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Bill DiTullio - SVP of IR & Treasurer Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Participants Greg Williams - TD Cowen Frank Louthan - Raymond James and Associates Bora Lee - RBC Capital Markets Operator Good morning, and welcome to today's conference call to discuss Uniti's Fourth Quarter and Full Year 2024 Earnings Results. My name is Gigi and I'll be your operator for today.
Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.34 per share a year ago.
Uniti Group's financial health remains precarious with high debt and interest expenses, leading to a Hold rating despite potential merger benefits. The suspension of dividends and the uncertain future of payouts underscore the company's financial instability. The merger with Windstream aims to improve cash flow and operational efficiency.
Shares of Uniti Group plunged after management announced financial results for the third quarter of the company's 2024 fiscal year and provided guidance for 2024. A change regarding a material issue likely exacerbated matters, but this represents a great buying opportunity. The stock offers tremendous upside and should continue to fare well as time progresses.
Uniti Group Inc. (NASDAQ:UNIT ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Participants Greg Williams - TD Cowen Frank Louthan - Raymond James David Barden - Bank of America Securities Operator Good morning and welcome to today's conference call to discuss the Uniti's Third Quarter 2024 Earnings Results. My name is Gigi and I'll be your operator for today.
Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.35 per share a year ago.
Uniti Group continues to trade at a big discount following news that the firm would be merging with Windstream. Despite some profitability metrics declining, Uniti Group's revenue has increased, and the company remains attractively priced. Based on current projections, shares seem to offer significant market-beating potential over the next couple of years.
Uniti Group Inc. (NASDAQ:UNIT ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Drew Smith - CFO, Windstream Holdings, Inc. Conference Call Participants Greg Williams - TD Cowen Operator Good morning and welcome to today's conference call to discuss the Uniti's Second Quarter 2024 Earnings Results. My name is Latif and I'll be your operator for today.
While the top- and bottom-line numbers for Uniti (UNIT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.34 per share a year ago.