Liberty Capital Q3 revenue rises on wireless and business data growth
Overview
US communications provider's Q3 revenue rose 4% yr/yr to $267 mln
Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release
Result Drivers
WIRELESS AND BUSINESS DATA – Q3 revenue growth was driven by higher consumer wireless revenue and business data revenue
SERVICE UPGRADES – Business data revenue rose on service upgrades for existing healthcare and education customers
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $267 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Liberty Capital Corporation is $54.00, about 134.1% above its November 4 closing price of $23.07
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)