NASDAQ$SHEN

Shenandoah Telecommunications Company · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter 2022 financial and operating results.

Shentel reported a record quarter for Glo Fiber net additions, with Glo Fiber service contributing positive incremental Adjusted EBITDA for the first time since its launch three years ago.

  • Glo Fiber achieved record net additions.
  • Glo Fiber service contributed positive incremental Adjusted EBITDA for the first time since launch.
  • The company believes it is well-positioned to win market share with its fiber-to-the-home platform.
  • Shentel has a strong liquidity position and de-levered balance sheet.

Headline financials

Total Revenue

$66.9M

Previous: $62.2M+7.5%
EPS (adj)

-$0.05

Previous: $0.13-138.5%
Capital Expenditures

-$132M

Previous: -$119M-11.4%
Free Cash Flow

-$135M

Previous: $774M-117.4%
Net Income

-$2.73M

Previous: $893M-100.3%
Operating Income

-$1.77M

Previous: $1.17M-251.1%
Gross Profit

-$23.5M

Previous: -$23M-2.0%
Cash & Equivalents

$33M

Previous: $533M-93.8%
Total Assets

$922M

Previous: $1.29B-28.7%
Stock-Based Comp

$1.77M

Previous: $1.12M+58.3%

Revenue & EPS history

Shentel · Revenue · Quarterly

$66.9M

Q3 2022+7.5%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

This release contains forward-looking statements about Shentel regarding, among other things, its business strategy, its prospects and its financial position.

Headwinds

  • Natural disasters may impact results.
  • Pandemics and outbreaks of contagious diseases may impact results.
  • Changes in general economic conditions including high inflation may impact results.
  • Increases in costs may impact results.
  • Changes in regulation and other competitive factors may impact results.

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 Q3 2022

Historical avgQ3 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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