NASDAQ$SHEN

Shenandoah Telecommunications Company · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Shentel reported solid Glo Fiber net subscriber additions and construction of new passings, and successful integration of Horizon acquisition.

Shentel announced second quarter 2024 financial and operating results, highlighting progress in executing their Fiber First strategy with Glo Fiber and the successful integration of the Horizon acquisition.

  • Made good progress executing Fiber First strategy
  • Achieved solid quarter of Glo Fiber net subscriber additions
  • Continued construction of new passings
  • Successfully integrated Horizon acquisition with its fiber rich network

Headline financials

Total Revenue

$85.8M

Previous: $71.3M+20.3%
EPS

-$0.24

Previous: $0.04-700.0%
Adjusted EBITDA Margin

27.0%

Previous: 39.0%-30.8%
Total Homes & Businesses Passed

530.1K

No prior period
Glo Fiber Homes Passed

297.5K

No prior period
Incumbent Homes Passed

232.5K

No prior period
Total Fiber Miles

1.8M

No prior period
Fiber Route Miles

16.0K

No prior period
Incumbent Data Penetration

47.8%

No prior period
Glo Fiber Data Penetration

17.9%

No prior period
Capital Expenditures

-$151M

Previous: -$136M-10.8%
Free Cash Flow

-$164M

Previous: -$134M-21.9%
Net Income

-$12.9M

Previous: $1.79M-819.1%
Operating Income

-$15.9M

Previous: $2.37M-770.5%
Gross Profit

-$32.8M

Previous: -$21.4M-53.6%
Cash & Equivalents

$43.8M

Previous: $26.3M+66.4%
Total Assets

$1.66B

Previous: $1.03B+61.2%
Stock-Based Comp

$2.27M

Previous: $2.6M-12.8%

Revenue & EPS history

Shentel · Revenue · Quarterly

$85.8M

Q2 2024+20.3%vs Q2 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

No forward guidance was provided in the press release.

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 2024

Historical avgQ2 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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