IHS Holding (IHS) Reports Q3 Loss, Tops Revenue Estimates

Group 1 - IHS Holding reported a quarterly loss of $0.61 per share, significantly worse than the Zacks Consensus Estimate of$0.11, marking an earnings surprise of -654.55% [1] - The company posted revenues of $420.28 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 1.88$467.02 million year-over-year [2] - IHS Holding shares have declined approximately 39.8% year-to-date, contrasting with the S&P 500's gain of 25.8% [3] Group 2 - The earnings outlook for IHS Holding is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.11 on revenues of$413.74 million, and for the current fiscal year at -$4.82 on revenues of$1.68 billion [7] - The Communication - Infrastructure industry, to which IHS Holding belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]