Lumen Q2 2024 Earnings Preview
by
Contributor since / Followers
Contributor since / Followers
3 months ago
peterschreiber.media/iStock via Getty Images
- Lumen (NYSE:LUMN) is scheduled to announce Q2 earnings results on Tuesday, August 6th, after market close.
- The consensus EPS Estimate is -$0.04 (-140.0% Y/Y) and the consensus Revenue Estimate is $3.25B (-11.2% Y/Y).
- Over the last 2 years, LUMN has beaten EPS estimates 50% of the time and has beaten revenue estimates 63% of the time.
- Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 0 upward revisions and 2 downward.
- Stone Fox Capital, SA Investing Group leader warns, “Despite investing in fiber network capacity for AI traffic, Lumen’s financials remain weak with ongoing revenue declines and high debt levels. Lumen’s recent rally is unwarranted, and investors should be cautious as the company is unlikely to see significant sales growth or positive cash flows.”