NASDAQ$FYBR

Frontier Communications Parent Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Frontier Communications reported strong fourth-quarter results, driven by record operational performance and fiber expansion.

Frontier Communications reported Q4 2022 revenue of $1.44 billion and net income of $155 million. The company added a record 76,000 fiber broadband customers and built fiber to a record 381,000 locations. Consumer fiber broadband ARPU was $61.20, while business fiber broadband ARPU was $107.68.

  • Built fiber to a record 381,000 locations.
  • Added a record 76,000 fiber broadband customers.
  • Revenue of $1.44 billion and net income of $155 million were reported.
  • Annualized run-rate cost savings of $336 million was achieved.

Headline financials

Total Revenue

$1.44B

Previous: $1.54B-6.9%
EPS (adj)

$0.63

Previous: $0.77-18.2%
Net Income

$155M

Previous: $189M-18.0%
Operating Income

$136M

Previous: $272M-50.0%
Gross Profit

$911M

Previous: $997M-8.6%
Cash & Equivalents

$322M

Previous: $2.13B-84.9%
Total Assets

$18.6B

Previous: $16.5B+13.0%
Stock-Based Comp

$28M

Previous: $18M+55.6%

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.44B

Q4 2022-6.9%vs Q4 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Frontier Communications · $2.38B total across 4 segments · Q3 2020

  • Consumer
    $859M-8.9%
  • Data & Internet
    $838M
  • Voice Services
    $500M
  • Video Services
    $186M

Forward guidance

Frontier provided guidance for the full year 2023, including Adjusted EBITDA of $2.11 - $2.16 billion and fiber build of 1.3 million new locations.

Tailwinds

  • Adjusted EBITDA of $2.11 - $2.16 billion
  • Fiber build of 1.3 million new locations
  • Cash capital expenditures of $2.80 billion
  • Cash taxes of approximately $20 million
  • Net cash interest payments of approximately $630 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+12.1%

Q4 2023

Best reaction

-12.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q3 2025+0.3%+0.2%+0.4%
Q2 2025+0.3%+0.2%+1.6%
Q1 2025+0.1%-0.5%+1.5%
Q4 2025+0.0%+0.5%+0.0%
Q3 2024-1.0%-2.6%-2.6%
Q2 2024-9.8%-5.0%-0.1%
Q1 2024+9.5%+5.6%+11.1%
Q4 2023+12.1%+10.2%+8.3%
Q3 2023+6.8%
Q2 2023-0.6%
Q1 2023-12.8%
Q4 2022-1.4%
Q3 2022-8.3%
Q2 2022+3.6%
Q1 2022-4.0%
Q4 2021+3.1%
Q3 2021+3.9%
Q2 2021-0.5%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q4 2019
Q1 2020
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro