NASDAQ$UNIT

Uniti Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced strategic OpCo-PropCo transaction with Everstream and settlement of litigation with Windstream.

Uniti Group Inc. reported consolidated revenues of $258.8 million and net income of $7.5 million for the third quarter of 2020. The company also updated its 2020 outlook, reflecting the impact of the settlement agreement with Windstream and other business unit level revisions.

  • Revenues of $258.8 million for the third quarter.
  • Net Income of $0.04 Per Diluted Common Share for the third quarter.
  • AFFO Per Diluted Common Share of $0.42 for the third quarter.
  • Strategic OpCo-PropCo transaction with Everstream announced.

Headline financials

Total Revenue

$259M

Previous: $264M-1.8%
EPS (adj)

$0.42

Previous: $0.47-10.6%
Adjusted EBITDA

$199M

No prior period
Net Income

$7.5M

Previous: -$19.4M+138.6%
Operating Income

$10.6M

No prior period
Gross Profit

$221M

Previous: $224M-1.2%
Cash & Equivalents

$196M

Previous: $197M-0.9%
Total Assets

$4.84B

Previous: $5.03B-3.8%
Stock-Based Comp

$3.34M

Previous: $2.85M+17.4%

Revenue & EPS history

Uniti · Revenue · Quarterly

$259M

Q3 2020-1.8%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Uniti · $76.4M total across 1 segment · Q3 2020

  • Fiber Infrastructure
    $76.4M

Forward guidance

The Company is updating its 2020 outlook for (i) the revised impact from the effectiveness of our settlement agreement with Windstream, (ii) transaction related costs and other items reported in the third quarter of this year, and (iii) other business unit level revisions.

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 Q3 2020

Historical avgQ3 2020

-1.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.7%

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%+2.8%
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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