Consolidated Communications Stock Fair Value Calculation – CONSOLIDATED COMMUNICATIONS Reports Third Quarter Earnings for Fiscal Year 2023
November 21, 2023
🌥️Earnings Overview
On September 30, 2023, CONSOLIDATED COMMUNICATIONS ($NASDAQ:CNSL) reported their third quarter fiscal year 2023 earnings results with total revenue of USD 283.6 million, a decrease of 4.4% from the prior year quarter. Net income for the quarter was USD -57.9 million, compared to USD 292.6 million in the same period last year.
Share Price
The stock opened at $4.2 and closed at the same price, down by 1.2% from the previous closing price. Despite the positive financial results, the stock price of CONSOLIDATED COMMUNICATIONS faced pressure due to a larger market downturn. Investors will be watching closely as they wait to see if the company can sustain its positive performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Consolidated Communications. More…
| Total Revenues | Net Income | Net Margin |
| 1.13k | -284.18 | -13.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Consolidated Communications. More…
| Operations | Investing | Financing |
| 108.17 | -461.75 | -18.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Consolidated Communications. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.69k | 2.84k | 7.19 |
Key Ratios Snapshot
Some of the financial key ratios for Consolidated Communications are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.8% | -19.3% | -4.6% |
| FCF Margin | ROE | ROA |
| -38.8% | -3.8% | -0.9% |
Analysis – Consolidated Communications Stock Fair Value Calculation
At GoodWhale, we have analyzed the fundamentals of CONSOLIDATED COMMUNICATIONS and calculated the intrinsic value of its share to be around $5.5. This has been determined using our proprietary Valuation Line. Right now, CONSOLIDATED COMMUNICATIONS stock is being traded at $4.2, which is 23.2% lower than its intrinsic value. This could indicate that it is currently undervalued and may be an opportunity for investors to buy in at a good price. More…
Peers
Consolidated Communications Holdings Inc and its competitors, Covista Communications Inc, Over the Wire Holdings Ltd, and Internet Initiative Japan Inc, are engaged in a fierce competition for market share. All four companies are striving to offer the best products and services to their customers. Each company is trying to gain an edge over the others in terms of price, quality, and customer service.
– Covista Communications Inc ($OTCPK:CVST)
Covista Communications Inc is a leading provider of communication solutions for business and government organizations. It offers a full range of products and services, including voice, data, and video solutions. The company has a strong commitment to customer satisfaction and provides a wide range of support services. Covista has a market cap of 16.4M as of 2022 and a ROE of 32.27%. The company’s products and services are designed to meet the needs of businesses and government organizations of all sizes.
– Over the Wire Holdings Ltd ($TSE:3774)
Internet Initiative Japan Inc. (IIJ) is a leading Internet service provider in Japan. IIJ was founded in 1992 and is headquartered in Tokyo. IIJ provides a wide range of Internet services including data communications, colocation, and cloud computing. IIJ has a market cap of 432.96B as of 2022 and a return on equity of 15.53%. IIJ is a publicly traded company on the Tokyo Stock Exchange.
Summary
Consolidated Communications reported its third quarter earnings for fiscal year 2023, with revenue decreasing 4.4% compared to the same period last year. Net income for the quarter came in at a loss of USD -57.9 million, a significant decrease from the profit of USD 292.6 million reported in the previous year. Investors should take a closer look given the significant drop in profits and consider the company’s future prospects.
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