NASDAQ$SHEN

Shenandoah Telecommunications Company · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2019 financial and operating results.

Shentel reported their Q4 and full year 2019 results, highlighting progress in their strategic plan with investments in cable and wireless networks leading to positive returns. Cable broadband penetration grew, and the Wireless business achieved a record year in postpaid additions. The company launched Glo Fiber and acquired mid-band spectrum for a fixed wireless broadband launch planned for later in the year.

  • Cable broadband penetration grew from 37.4% to 40.6% in 2019.
  • Wireless business achieved a record year of postpaid gross and net additions.
  • Launched new fiber edge-out strategy, Glo Fiber.
  • Acquired valuable mid-band spectrum for planned fixed wireless broadband launch.

Headline financials

Total Revenue

$161M

Previous: $161M-0.3%
EPS (adj)

$0.27

Previous: $0.30-10.0%
Capital Expenditures

$31.8M

Previous: $44.3M-28.4%
Free Cash Flow

$33.9M

Previous: $32.5M+4.4%
Net Income

$13.5M

Previous: $14.9M-9.0%
Operating Income

$22.9M

Previous: $27M-15.2%
Gross Profit

$91.8M

Previous: $95.9M-4.2%
Cash & Equivalents

$102M

Previous: $85.1M+19.5%
Total Assets

$1.9B

Previous: $1.48B+27.9%
Stock-Based Comp

$659K

Previous: $381K+73.0%

Revenue & EPS history

Shentel · Revenue · Quarterly

$161M

Q4 2019-0.3%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Shentel expects investments will drive long-term growth in Broadband business for the next several years and are well positioned financially and operationally to continue the positive momentum in 2020.

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 Q4 2019

Historical avgQ4 2019

-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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