Core Insights - ATN International reported a quarterly loss of $0.10 per share, better than the Zacks Consensus Estimate of a loss of $0.16, and an improvement from a loss of $0.24 per share a year ago, representing an earnings surprise of 37.50% [1] - The company posted revenues of $178.45 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.90%, and down from $191.04 million year-over-year [2] - ATN International shares have declined approximately 18.8% year-to-date, contrasting with the S&P 500's gain of 22.1% [3] Earnings Outlook - The earnings outlook for ATN International is currently favorable, with a consensus EPS estimate of $0.07 on revenues of $187.27 million for the upcoming quarter, and $0.09 on revenues of $743.01 million for the current fiscal year [7] - The company has surpassed consensus EPS estimates two times over the last four quarters, indicating a potential for future performance improvement [2] Industry Context - The Wireless National industry, to which ATN International belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact ATN International's stock performance [5]

Exhibit 99.1 1 ATN Reports Third Quarter 2024 Results; Updates Full-Year 2024 Outlook "First-to-Fiber" and "Glass & Steel" Strategies Yield Year-Over-Year Increases in High-Speed Data Subscriber and Network Reach Metrics · Total high-speed broadband subscribers increased 6% year-over-year · Broadband homes passed by high-speed data services expanded 20% year-over-year · Capital expenditures were $85.7 million (net of $71.8 million reimbursements) for the first nine months of 2024, reduced from $126.6 millio ...

Core Insights - The company reported a year-over-year increase in total high-speed broadband subscribers by 6% and a 20% expansion in broadband homes passed by high-speed data services [1] - The third quarter of 2024 saw a net loss of $32.7 million, or $2.26 per diluted share, which included a non-cash goodwill impairment charge of $35.3 million [1][7] - The company updated its full-year 2024 revenue guidance to a range of $720 million to $730 million, down from a previous range of $730 million to $750 million [17] Financial Performance - Consolidated revenues for Q3 2024 were $178.5 million, a decrease of 7% from $191.0 million in Q3 2023, primarily due to declines in the US Telecom segment [5][6] - Adjusted EBITDA for Q3 2024 decreased by 5% to $45.7 million compared to $47.8 million in the same quarter last year [8] - Year-to-date net cash from operations increased by 9% year-over-year to $97.4 million [15] Segment Performance - The International Telecom segment's revenues were essentially flat, supported by growth in consumer and business fixed revenues, while the US Telecom segment revenues decreased by 13% [1][3] - The International Telecom segment saw solid fixed revenue gains and business mobility revenue growth, offsetting softness in consumer mobility [3][4] Capital Expenditures and Debt - Capital expenditures for the first nine months of 2024 were $85.7 million, reduced from $126.6 million in the same period of 2023 [1][15] - The net debt ratio is now expected to be in the range of 2.3x to 2.6x exiting 2024, an increase from the previous guidance of 2.25x to 2.50x [17] Strategic Outlook - The company is transitioning from heavy investments to a focus on margin and cash flow improvement as part of its three-year strategic plan initiated in 2021 [12] - Strategic actions are being taken to align the cost structure with current revenue levels while focusing on margin improvement and cash flow generation [4]

Core Viewpoint - ATN International (ATNI) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects a positive earnings outlook for ATN International, potentially leading to increased buying pressure and a rise in stock price [2]. - For the fiscal year ending December 2024, ATN International is expected to earn $0.09 per share, representing a 107.2% increase from the previous year's reported figure [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for ATN International has increased by 113.3%, indicating a strong upward revision trend [5]. - The correlation between earnings estimate revisions and near-term stock movements is well-established, making it a critical factor for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revision features [6][7]. - The Zacks Rank 2 upgrade positions ATN International in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [7].

BEVERLY, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) -- ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, announced today that it will release third quarter 2024 results on Tuesday, October 29, 2024, after market close. The Company will host a conference call to discuss its results at 10:00 a.m. ET on Wednesday, October 30, 2024. Key details regarding the call are as follows: Call Date: Wednesday, October 30, 2024 Call Time: ...

The Zacks Wireless National industry is likely to benefit from healthy demand trends with an accelerated 5G rollout and increased fiber densification, helping bridge the digital divide with seamless connectivity. However, high capital expenditures for infrastructure upgrades, margin erosion, supply-chain disruptions and high customer inventory levels have dented the industry’s profitability.Nevertheless, Cogent Communications Holdings, Inc. (CCOI) , Liberty Latin America Ltd. (LILA) and ATN International, I ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |-------------------------------------------------------------------------------------|------------------------------------------ ...

Shares of ATN International (ATNI) have gained 16.4% over the past four weeks to close the last trading session at $27.03, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $36 indicates a potential upside of 33.2%.The average comprises three short-term price targets ranging from a low of $30 to a high of $45, with a standard deviation of $7.94. While the lowest estimate indicates ...

ATN International, Inc. (NASDAQ:ATNI) Q2 2024 Earnings Call Transcript July 25, 2024 10:00 AM ET Company Participants Michele Satrowsky - Corporate Treasurer & Head of IR Brad Martin - CEO Carlos Doglioli - CFO Conference Call Participants Rick Prentiss - Raymond James Hamed Khorsand - BWS Financial Greg Burns - Sidoti Operator Good day, and thank you for standing by. Welcome to the ATN International Q2 2024 Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. Afte ...

1 Q2 2024 Earnings Call July 25, 2024 Q2 FY 2024 "We are making progress in our efforts to leverage our First-to-Fiber and Glass & Steel investments to deliver topline growth, improve operating efficiency and deliver value to our shareholders and customers over the long term." - Brad Martin, Chief Executive Officer 2 A Message from ATN's Leadership "We believe we are making progress in our efforts to leverage the investments we have made to grow revenues in key areas while also improving the efficiency of t ...