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Anterix reports smaller-than-expected Q2 net loss

By Reuters News


Overview

  • U.S. utility spectrum provider's fiscal Q2 net loss was smaller than analyst expectations

  • Pretax loss for fiscal Q2 was wider than analyst estimates

  • Company recorded $6.1 mln gain on exchange of broadband licenses


Outlook

  • Company expects to receive about $9.6 mln in contracted proceeds during remainder of fiscal 2027


Result Drivers

  • LICENSE EXCHANGE GAIN - Co recorded $6.1 mln gain from exchanging narrowband for broadband licenses in 6 counties

  • SPECTRUM REVENUE - Spectrum revenue rose to $2.0 mln from $1.6 mln a year earlier


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Spectrum Revenue

$1.96 mln

Q2 Loss Per Share

$0.25

Q2 Net Loss

Beat

$4.99 mln

$7.74 mln (3 Analysts)

Q2 Pretax Loss

Miss

$4.73 mln

$2.92 mln (4 Analysts)

Q2 Loss Per Basic Share

$0.25

Q2 Operating Expenses

$13.76 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the wireless telecommunications services peer group is "buy"

  • Wall Street's median 12-month price target for Anterix Inc. is $121.00, about 49.8% above its November 9 closing price of $80.78


Reuters Recommended Reads

  • Nov 9 - Qualys Q3 adj profit beats estimates

  • Nov 9 - Canada's AbCellera Q3 revenue beats analyst estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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