NASDAQ$SHEN

Shenandoah Telecommunications Company · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Shentel's Q1 2024 results were announced, featuring a record quarter for Glo Fiber net subscriber additions and strong Glo Fiber passings released to sales.

Shentel reported first quarter 2024 financial and operating results, highlighting a record quarter for Glo Fiber net subscriber additions and the completion of a major acquisition and divestiture.

  • Achieved a record quarter for Glo Fiber net subscriber additions.
  • Experienced a strong quarter of Glo Fiber passings released to sales.
  • Closed a major acquisition and a major divestiture.
  • Secured $356 million in financings.

Headline financials

Total Revenue

$69.2M

Previous: $71.7M-3.4%
EPS

$4.21

Previous: $0.04+10425.0%
Adjusted EBITDA Margin

28.0%

No prior period
Total Homes & Businesses Passed

476.1K

No prior period
Total Fiber Miles

883.2K

No prior period
Incumbent Data Penetration

50.3%

No prior period
Glo Fiber Data Penetration

18.0%

No prior period
Capital Expenditures

-$70.1M

Previous: -$67.7M-3.5%
Free Cash Flow

$145M

Previous: -$65.6M+320.5%
Net Income

$215M

Previous: $2.07M+10291.9%
Operating Income

-$2.78M

Previous: $2.73M-201.8%
Gross Profit

-$26M

Previous: -$22.1M-17.8%
Cash & Equivalents

$390M

Previous: $48.4M+705.3%
Total Assets

$1.45B

Previous: $1.01B+43.6%
Stock-Based Comp

$3.97M

Previous: $3.72M+6.7%

Revenue & EPS history

Shentel · Revenue · Quarterly

$69.2M

Q1 2024-3.4%vs Q1 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Shentel is making good progress on the Horizon integration and is well positioned for sustainable organic growth as they complete the integration by early 2025.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.3%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-0.0%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+11.9%

Q2 2017

Best reaction

-22.2%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.4%+3.1%+1.4%
Q4 2025+3.2%+5.6%+8.4%
Q3 2025-1.8%-3.3%-1.6%
Q1 2025-14.4%-13.7%-3.4%
Q4 2024-10.2%-7.4%+8.1%
Q3 2024-16.4%-17.0%-12.5%
Q2 2024-15.7%-23.0%-18.9%
Q1 2024+6.9%+23.5%+42.0%
Q4 2023-2.0%-3.7%-11.7%
Q3 2023+2.0%-1.4%-5.7%
Q2 2023+2.3%+7.8%+22.4%
Q1 2023+5.0%+3.4%+0.9%
Q4 2022+3.9%+1.1%-2.8%
Q3 2022-18.4%-20.4%-16.7%
Q2 2022+0.7%+5.5%-2.2%
Q1 2022-9.3%-11.6%+4.2%
Q4 2021-9.8%-15.6%+5.1%
Q3 2021-1.4%+0.6%-7.2%
Q2 2021-0.3%-44.2%-44.1%
Q1 2021-2.3%-0.8%+3.1%
Q4 2020-2.4%-2.8%+6.9%
Q3 2020+3.1%+3.4%+0.4%
Q2 2020+2.1%+6.2%+11.9%
Q1 2020-22.2%-22.5%-10.3%
Q4 2019-1.3%-1.0%-0.3%
Q3 2019-1.4%+21.2%+14.7%
Q2 2019-6.4%-6.8%-11.1%
Q1 2019-0.3%-1.1%-7.8%
Q4 2018+0.6%-0.3%-3.6%
Q3 2018+8.3%+16.7%+24.8%
Q2 2018+4.8%+4.5%+7.5%
Q1 2018-6.8%-13.1%-12.6%
Q4 2017-1.5%-2.6%-4.3%
Q3 2017-1.7%-6.9%+0.2%
Q2 2017+11.9%+15.7%+19.6%
Q1 2017+1.6%+2.9%+1.8%
Q4 2016+3.1%+6.9%+13.9%
Q3 2016-3.4%+3.6%+13.8%
Q2 2016-20.5%-26.1%-34.9%
Q1 2016+9.8%
Q4 2015+2.6%
Q3 2015+4.4%
Q2 2015+9.3%
Q1 2015-1.5%
Q4 2014-0.6%
Q3 2014+7.3%
Q2 2014+2.2%
Q1 2014+3.9%
Q4 2013+0.8%
Q3 2013-10.1%
Q2 2013+0.6%
Q1 2013+5.6%
Q4 2012-2.7%
Q3 2012+0.3%
Q2 2012-0.3%
Q1 2012-5.1%
Q4 2011-2.1%
Q3 2011-10.0%
Q4 2010+0.8%
Q2 2011-2.7%
Q1 2011+7.7%
Q3 2010+4.0%
Q2 2010-4.8%
Q1 2010+3.1%

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