Lumen Technologies will report Q4 earnings, with revenue and earnings expected to decline

From Nasdaq: 2025-01-31 08:39:00

Lumen Technologies, Inc (LUMN) will report Q4 2024 results on Feb. 4. The Zacks Consensus Estimate for total revenues is $3.22 billion, down 8.4% from last year. Earnings are estimated at a loss of 8 cents per share compared to 8 cents per share last year. LUMN shares have gained 309.9% in the past year.

Lumen faces challenges in its legacy business, with total revenues declining 11.5% in the last quarter. Shift towards newer growth products like fiber and cloud-based offerings is positive. Demand for Private Connectivity Fabric solutions is growing, with $8 billion in new sales since June 2024. Investments in Quantum Fiber and enterprise business are also promising.

Lumen raised its free cash flow guidance for 2024 to $1.2-$1.4 billion, driven by PCF sales growth. Cost discipline and focus on value-added processes support the bottom line. Uncertainty in global macroeconomic conditions, forex volatility, and competition in the AI space are concerns. Earnings ESP does not predict an earnings beat for LUMN this quarter.

Stocks to consider for potential earnings beat: QUALCOMM (QCOM) with Earnings ESP of +3.34%, O’Reilly Automotive (ORLY) with Earnings ESP of +6.71%, and Amazon.com (AMZN) with Earnings ESP of +4.78%. QCOM is reporting on Feb. 5, ORLY and AMZN on Feb. 6. Consensus estimates for earnings and revenues are provided for each stock. AMZN has gained 51.2% in the past year.



Read more at Nasdaq: Lumen Set to Report Q4 Earnings: Here’s What Investors Should Know