NASDAQ$UNIT

Uniti Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong results, completed strategic transaction with Everstream.

Uniti Group Inc. reported consolidated revenues of $268.2 million for the second quarter of 2021. Net income was $49.6 million, and Adjusted EBITDA was $215.7 million for the same period. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $103.2 million, or $0.41 per diluted common share, an increase of 10% when compared to the second quarter of 2020.

  • Revenues of $268.2 million for the Second Quarter
  • Net Income of $0.20 Per Diluted Common Share for the Second Quarter
  • AFFO Per Diluted Common Share of $0.41 for the Second Quarter
  • Adjusted EBITDA and AFFO Grew 6% and 10% in the Second Quarter, Respectively, from the Prior Year Second Quarter

Headline financials

Total Revenue

$268M

Previous: $267M+0.5%
EPS (adj)

$0.41

Previous: $0.44-6.8%
Net Income

$49.6M

Previous: -$598M+108.3%
Operating Income

$54.2M

No prior period
Gross Profit

$268M

Previous: $227M+18.1%
Cash & Equivalents

$574M

Previous: $88.3M+550.3%
Total Assets

$4.75B

Previous: $4.82B-1.5%
Stock-Based Comp

$3.46M

Previous: $4.11M-15.8%

Revenue & EPS history

Uniti · Revenue · Quarterly

$268M

Q2 2021+0.5%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Uniti · $72.1M total across 1 segment · Q2 2021

  • Fiber Infrastructure
    $72.1M-8.9%

Forward guidance

The Company is updating its 2021 outlook primarily for the impact of the gain on sale of operations and income tax expense related to the Everstream transaction, the impact of transaction-related and other costs incurred to date, and revised estimates of interest expense.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-1.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.8%

Avg return

30 days after

48%

19 / 40 earnings

Positive

+14.1%

Q1 2023

Best reaction

-26.4%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-2.0%
Q4 2025+7.0%+10.0%+36.7%
Q3 2025+3.7%+7.5%+2.1%
Q2 2025-10.4%-21.5%-22.7%
Q1 2025-9.6%-9.6%-13.8%
Q4 2024+3.7%+5.2%-7.9%
Q3 2024-9.3%-0.4%+5.7%
Q2 2024+6.3%+7.6%+13.5%
Q1 2024-26.4%-35.8%-47.6%
Q4 2023+2.1%+11.3%+2.8%
Q3 2023+9.3%+6.7%+29.5%
Q2 2023-10.1%+1.3%+1.1%
Q1 2023+14.1%+19.1%+21.6%
Q4 2022-2.6%-10.4%-41.4%
Q3 2022+11.5%+15.3%-11.1%
Q2 2022-3.5%-2.4%-9.4%
Q1 2022-4.3%-16.1%-8.1%
Q4 2021+13.8%+21.7%+25.0%
Q3 2021-2.3%-3.6%-6.5%
Q2 2021+0.0%+8.1%+9.6%
Q1 2021-1.9%-5.2%-1.9%
Q4 2020+0.8%-9.4%-7.4%
Q3 2020-1.1%+0.3%+15.5%
Q2 2020-3.6%-7.0%-10.1%
Q1 2020-3.6%+5.0%+21.5%
Q4 2019-26.1%-24.5%-38.0%
Q3 2019-2.7%-9.3%+2.4%
Q2 2019+3.6%+7.8%-10.9%
Q1 2019+0.5%-3.4%-5.1%
Q4 2018+1.4%+3.4%+20.1%
Q3 2018+3.3%+4.1%+4.1%
Q2 2018+2.5%+8.5%+8.6%
Q1 2018+1.7%+3.9%+17.1%
Q4 2017-0.3%+2.3%+5.9%
Q3 2017-3.8%-2.9%-3.8%
Q2 2017-8.6%-8.3%-21.4%
Q1 2017-4.4%-6.2%-2.2%
Q4 2016+3.5%+6.0%-6.6%
Q3 2016-4.9%-5.0%+0.2%
Q2 2016+0.3%-1.3%+0.2%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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