NASDAQ$SHEN

Shenandoah Telecommunications Company · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2023 financial and operating results.

Shentel announced its Q4 and full year 2023 results, highlighting Glo Fiber as a major growth catalyst and its largest line of business.

  • Glo Fiber continues to drive strong growth.
  • Consolidated revenue and Adjusted EBITDA have industry-leading CAGR among publicly-traded broadband companies.
  • Potential to more than double Glo Fiber data customer penetration rate over the next five years.
  • An extensive regional network with approximately 9,900 route miles of fiber and 219 macro cellular towers.

Headline financials

Total Revenue

$72.5M

Previous: $70M+3.6%
EPS (adj)

$0.05

Previous: -$0.04+225.0%
Capital Expenditures

-$66.2M

Previous: $57.3M-215.6%
Net Income

$2.59M

Previous: -$1.82M+242.0%
Operating Income

$3.04M

Previous: -$1.52M+300.5%
Gross Profit

$46.8M

Previous: $43M+8.7%
Stock-Based Comp

$1.67M

Previous: $1.23M+35.8%

Revenue & EPS history

Shentel · Revenue · Quarterly

$72.5M

Q4 2023+3.6%vs Q4 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

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

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 2023

Historical avgQ4 2023

-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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