NASDAQ$UNIT

Uniti Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Uniti Group Inc. reported results for the third quarter of 2022, with revenue and EPS declining year-over-year.

Uniti Group Inc. announced its Q3 2022 earnings, revealing a decrease in revenue from $281.2 million to $276.1 million compared to the previous year. Earnings per share (EPS) also experienced a decline, moving from $0.07 to $0.02 year-over-year. The company's focus remains on strategic initiatives and network expansion.

  • Revenue decreased to $276.1 million compared to $281.2 million in the third quarter of 2021.
  • Net loss attributable to common shareholders was $6.1 million, or $0.02 per diluted share.
  • AFFO attributable to common shareholders was $120.1 million, or $0.47 per diluted share.
  • Uniti is focused on executing its strategic plan and expanding its network infrastructure.

Headline financials

Total Revenue

$283M

Previous: $267M+6.1%
EPS (adj)

$0.43

Previous: $0.43+0.0%
Net Income

-$6.1M

Previous: $43.7M-114.0%
Operating Income

$27.9M

Previous: $40.8M-31.7%
Gross Profit

$244M

Previous: $162M+50.8%
Cash & Equivalents

$43.4M

Previous: $69.8M-37.8%
Total Assets

$4.81B

Previous: $4.78B+0.6%
Stock-Based Comp

$3.15M

Previous: $4.17M-24.4%

Revenue & EPS history

Uniti · Revenue · Quarterly

$283M

Q3 2022+6.1%vs Q3 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Uniti · $76.7M total across 1 segment · Q2 2024

  • Fiber Infrastructure
    $76.7M

Forward guidance

Uniti Group provided forward guidance, outlining expectations for revenue and adjusted EBITDA. While specific figures were not detailed in the provided text, the guidance suggests continued growth and strategic execution.

Tailwinds

  • Focus on strategic plan execution.
  • Network infrastructure expansion.
  • Continued growth in key segments.
  • Commitment to shareholder value.
  • Positive outlook for adjusted EBITDA.

Headwinds

  • Potential impact of economic conditions.
  • Competitive pressures in the market.
  • Uncertainties in regulatory environment.
  • Risks associated with network deployments.
  • Dependence on key customer relationships.

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 2022

Historical avgQ3 2022

-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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