Consolidated Communications (CNSL) Tops Q1 EPS by 15c

Consolidated Communications (NASDAQ: CNSL) reported Q1 EPS of $0.21, $0.15 better than the analyst estimate of $0.06. Revenue for the quarter came in at $324.8 million versus the consensus estimate of $316.99 million.

2021 Outlook:

Consolidated Communications affirmed its previous outlook for 2021 which is outlined below.

• Capital expenditures are expected to be in a range of $400 million to $420 million, reflecting a higher level of spending to support the fiber expansion plan.
• Adjusted EBITDA is expected to be in a range of $500 million to $510 million, reflecting the start-up and acceleration of the Company’s growth plan.
• Cash interest expense is expected to be in a range of $130 million to $135 million, and was updated on April 5, 2021 with the Company’s announcement of a repricing of its term loan.
• Cash income taxes are expected to be in a range of $2 million to $4 million.

For earnings history and earnings-related data on Consolidated Communications (CNSL) click here.

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