$395.55 Million in Sales Expected for Cincinnati Bell Inc. (CBB) This Quarter
Wall Street brokerages forecast that Cincinnati Bell Inc. (NASDAQ:CBB) will announce sales of $395.55 million for the current quarter, according to Zacks. Three analysts have provided estimates for Cincinnati Bell’s earnings. The lowest sales estimate is $390.10 million and the highest is $398.65 million. Cincinnati Bell reported sales of $427.10 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.4%. The company is scheduled to report its next quarterly earnings report on Thursday, February 21st.
On average, analysts expect that Cincinnati Bell will report full year sales of $0.00 for the current financial year. For the next fiscal year, analysts anticipate that the company will report sales of $1.57 billion, with estimates ranging from $1.54 billion to $1.62 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cincinnati Bell.
Cincinnati Bell (NASDAQ:CBB) last posted its earnings results on Wednesday, August 8th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). The firm had revenue of $296.80 million during the quarter, compared to the consensus estimate of $297.96 million.
Shares of NASDAQ:CBB traded down $0.24 during trading on Friday, hitting $12.80. 674,340 shares of the company traded hands, compared to its average volume of 442,666. Cincinnati Bell has a one year low of $9.90 and a one year high of $22.20.
Cincinnati Bell Company Profile
Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.
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