ADTRAN Holdings (ADTN) Reports Q3 Loss, Lags Revenue Estimates

Financial Performance - ADTRAN Holdings reported a quarterly loss of $0.05 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, representing an earnings surprise of -150% [1] - The company posted revenues of $227.7 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.48%, and down from $272.33 million in the same quarter last year [2] - Over the last four quarters, ADTRAN has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [2] Stock Performance - ADTRAN Holdings shares have declined approximately 13.8% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for ADTRAN is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $238.5 million, while the estimate for the current fiscal year is -$0.24 on revenues of $919.4 million [7] - The trend of earnings estimate revisions for ADTRAN is mixed, which could change following the recent earnings report [6] Industry Context - The Technology Services industry, to which ADTRAN belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]