NASDAQ$SHEN

Shenandoah Telecommunications Company · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Shentel announced fourth quarter and full year 2021 financial and operating results.

Shentel reported fourth quarter and full year 2021 financial and operating results, highlighting the successful divestment of the Wireless business and scaling of the fiber-to-the-home platform.

  • Shentel successfully divested its Wireless business.
  • The company is scaling its fiber-to-the-home platform.
  • Fiber construction backlog has grown to over 255,000 passings.
  • Targeting a doubling of Glo Fiber passings to 150,000 in 2022.

Headline financials

Total Revenue

$62.6M

Previous: $58.1M+7.7%
EPS (adj)

$0.03

Previous: $0.03+0.0%
Capital Expenditures

$41.3M

Previous: $37.7M+9.5%
Free Cash Flow

-$445M

Previous: $37.9M-1275.1%
Net Income

$1.4M

Previous: $49.3M-97.2%
Operating Income

-$7.9M

Previous: $1.61M-589.5%
Gross Profit

$34.1M

Previous: $35.1M-2.8%
Cash & Equivalents

$84.3M

Previous: $195M-56.8%
Total Assets

$891M

Previous: $2.02B-56.0%
Stock-Based Comp

$1.46M

Previous: $601K+142.1%

Revenue & EPS history

Shentel · Revenue · Quarterly

$62.6M

Q4 2021+7.7%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Shentel is focusing on Fiber First growth strategy, targeting growth in Glo Fiber passings.

Tailwinds

  • Fiber construction backlog has grown to over 255,000 passings
  • VATI grant award for 16,000 unserved homes
  • Targeting a doubling of Glo Fiber passings to 150,000 in 2022
  • Passing more homes and businesses with fiber than incumbent cable network by the end of 2023
  • Focus on Fiber First growth strategy

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 2021

Historical avgQ4 2021

-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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