NASDAQ$SHEN

Shenandoah Telecommunications Company · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced second quarter 2022 financial and operating results.

Shentel reported strong execution of its fiber first strategy, reaching the 100,000 fiber passings milestone in the second quarter and is on target to construct 75,000 new passings this year.

  • Reached 100,000 fiber passings milestone in Q2 2022.
  • On target to construct 75,000 new passings this year.
  • Franchise agreements or government grant awards in place for approximately 430,000 fiber passings.
  • 89% of target passings in 2026 are secured.

Headline financials

Total Revenue

$66M

Previous: $60.7M+8.8%
EPS (adj)

-$0.06

Previous: $0.04-250.0%
Capital Expenditures

-$88.7M

Previous: -$79.6M-11.5%
Free Cash Flow

-$91.9M

Previous: -$26.1M-251.7%
Net Income

-$3.23M

Previous: $53.4M-106.0%
Operating Income

-$3.14M

Previous: $2.7M-216.1%
Gross Profit

-$22.4M

Previous: -$22M-1.5%
Cash & Equivalents

$33.3M

Previous: $249M-86.6%
Total Assets

$891M

Previous: $2.12B-57.9%
Stock-Based Comp

$2.39M

Previous: $192K+1142.2%

Revenue & EPS history

Shentel · Revenue · Quarterly

$66M

Q2 2022+8.8%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Shentel is focused on expanding its fiber network and increasing subscriber base.

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 Q2 2022

Historical avgQ2 2022

-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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