Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: US$0.30 loss per share (improved from US$0.33 loss in 3Q 2024). Revenue: US$1.55b (up 4.1% from 3Q 2024). Net loss: US$76.0m (loss narrowed 7.3% from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
Frontier Communications Parent, Inc. to Report Q3, 2025 Results on Oct 28, 2025 Frontier Communications Parent, Inc. announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Major Estimate Revision • Aug 05
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.996 to -US$1.32 per share. Revenue forecast unchanged at US$6.15b. Telecom industry in the US expected to see average net income growth of 29% next year. Consensus price target of US$38.50 unchanged from last update. Share price was steady at US$36.59 over the past week. Reported Earnings • Jul 30
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: US$0.49 loss per share (improved from US$0.49 loss in 2Q 2024). Revenue: US$1.54b (up 4.0% from 2Q 2024). Net loss: US$123.0m (flat on 2Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 142%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 16
Consensus EPS estimates upgraded to US$1.00 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$1.19 to -US$0.996 per share. Revenue forecast steady at US$6.11b. Telecom industry in the US expected to see average net income growth of 10% next year. Consensus price target of US$38.50 unchanged from last update. Share price was steady at US$36.81 over the past week. Announcement • Jul 16
Frontier Communications Parent, Inc. to Report Q2, 2025 Results on Jul 29, 2025 Frontier Communications Parent, Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Major Estimate Revision • May 06
Consensus EPS estimates fall by 36% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.916 to -US$1.25 per share. Revenue forecast unchanged at US$6.09b. Telecom industry in the US expected to see average net income growth of 26% next year. Consensus price target of US$38.50 unchanged from last update. Share price was steady at US$36.54 over the past week. Reported Earnings • Apr 30
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: US$0.26 loss per share (down from US$0.004 profit in 1Q 2024). Revenue: US$1.51b (up 3.4% from 1Q 2024). Net loss: US$64.0m (down US$65.0m from profit in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Frontier Communications Parent, Inc. to Report Q1, 2025 Results on Apr 29, 2025 Frontier Communications Parent, Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Apr 11
Frontier Communications Parent, Inc., Annual General Meeting, May 21, 2025 Frontier Communications Parent, Inc., Annual General Meeting, May 21, 2025. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.803 to -US$0.916 per share. Revenue forecast unchanged at US$6.08b. Telecom industry in the US expected to see average net income growth of 38% next year. Consensus price target of US$38.50 unchanged from last update. Share price was steady at US$35.94 over the past week. Announcement • Mar 16
Frontier Communications Parent, Inc. Announces Resignation of John Harrobin as Executive Vice President of Consumer On March 10, 2025, John Harrobin, the Executive Vice President, Consumer of Frontier Communications Parent, Inc., informed the Company of his resignation from the Company, effective March 14, 2025. Recent Insider Transactions • Mar 11
Executive Vice President of Consumer recently sold US$1.3m worth of stock On the 3rd of March, John Harrobin sold around 36k shares on-market at roughly US$36.01 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.1m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 04
Executive Vice President of Consumer notifies of intention to sell stock John Harrobin intends to sell 36k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of March. If the sale is conducted around the recent share price of US$36.01, it would amount to US$1.3m. Since March 2024, John's direct individual holding has decreased from 104.62k shares to 72.47k. There has only been one transaction (US$819k sale) from insiders over the last 12 months. Major Estimate Revision • Mar 03
Consensus estimates of losses per share improve by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$6.00b to US$6.08b. EPS estimate increased from -US$0.893 per share to -US$0.803 per share. Telecom industry in the US expected to see average net income growth of 32% next year. Consensus price target of US$38.50 unchanged from last update. Share price was steady at US$36.00 over the past week. Price Target Changed • Feb 22
Price target decreased by 7.6% to US$38.50 Down from US$41.69, the current price target is an average from 8 analysts. New target price is 7.6% above last closing price of US$35.78. The company is forecast to post a net loss per share of US$0.87 next year compared to a net loss per share of US$1.30 last year. Reported Earnings • Feb 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$1.30 loss per share (down from US$0.12 profit in FY 2023). Revenue: US$5.94b (up 3.2% from FY 2023). Net loss: US$322.0m (down US$351.0m from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Announcement • Feb 11
Frontier Communications Parent, Inc. to Report Q4, 2024 Results on Feb 20, 2025 Frontier Communications Parent, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Recent Insider Transactions • Nov 21
Executive Vice President of Consumer recently sold US$819k worth of stock On the 19th of November, John Harrobin sold around 23k shares on-market at roughly US$34.85 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions Derivative • Nov 20
Executive Vice President of Consumer notifies of intention to sell stock John Harrobin intends to sell 23k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of November. If the sale is conducted around the recent share price of US$34.85, it would amount to US$819k. Since March 2024, John has owned 104.62k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 46% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.614 to -US$0.894 per share. Revenue forecast unchanged at US$5.90b. Telecom industry in the US expected to see average net income growth of 38% next year. Consensus price target broadly unchanged at US$40.60. Share price fell 2.9% to US$34.39 over the past week. Reported Earnings • Nov 06
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$0.33 loss per share (down from US$0.045 profit in 3Q 2023). Revenue: US$1.49b (up 3.7% from 3Q 2023). Net loss: US$82.0m (down US$93.0m from profit in 3Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 87%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
Frontier Communications Parent, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Frontier Communications Parent, Inc. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Announcement • Oct 25
Glendon Capital Sends Letter to Board of Directors of Frontier Communications On October 24, 2024, Glendon Capital Management LP announced that it has sent a letter to the board of directors of the Frontier Communications stating the reasons for its opposition to the proposed acquisition by Verizon and reiterating its intention to vote against the proposed acquisition. Glendon Capital stated that it is not opposed to a sale, it believes the proposed acquisition of the Company by Verizon Communications Inc at a price of $38.50 per share substantially undervalues the Company’s existing assets and the future upside potential that rightfully belongs to Company shareholders. In addition, Glendon Capital urged the board to go back to the negotiation table to obtain an increased offer from Verizon in accordance with the value of Company’s assets and the Company’s exciting growth prospects, until then, it will be voting against the Verizon transaction. Announcement • Oct 23
Glendon Capital Management Sends Letter to Frontier Communications Board On October 23, 2024, Glendon Capital Management LP announced that it has sent a letter to Frontier Communications Parent Inc, expressed its belief that Company's enterprise value is at least $26 billion today, 30% higher than the current $20 billion enterprise value ascribed from the Verizon Transaction, based on an analysis of the most recent and relevant comparable transactions as well as Company's expected future cash flows. In addition, Glendon Capital expressed its disappointment with the Board's illogical and rushed setting of the record date and special meetings of stockholders and urged an extension of both dates to enable shareholders to fully understand the standalone case for the Company, and expressed its decision to vote against the proposed acquisition of the Company by Verizon Communications Inc. Announcement • Oct 18
Frontier Receives Seven Connected Communities Grants from Connecticut Department of Energy and Environmental Protection to Expand Access to High-Speed, Reliable Fiber Internet Across Connecticut Frontier received seven ConneCTed Communities grants from the Connecticut Department of Energy and Environmental Protection to expand access to high-speed, reliable fiber internet across Connecticut. The funding comes from Connecticut’s portion of American Rescue Plan Act (ARPA) Capital Project Fund. In the past three years, the company has delivered fiber internet access to over 1 million homes and businesses in Connecticut. This investment from the Connecticut Department of Energy and Environmental Protection further strengthens the company's commitment to connecting unserved and underserved communities to the company's high-speed fiber internet. With these grants, the company will bring fast, reliable connectivity to more homes and businesses in Connecticut, boosting economic and educational opportunities for residents across the state. Announcement • Oct 15
Cooper Investors Issues Open Letter to Board of Directors of Frontier Communications On October 15, 2024, Cooper Investors Pty Limited announced that it has issued an open letter to the board of directors of Frontier Communications Parent Inc in which it expressed its strong opposition to the acquisition of the Company by Verizon Communications Inc for $38.50 per share. Cooper Investors expressed its belief that the standalone value of the Company is as much as 62% higher than Verizon's offer price and that the fair transaction value would be up to 94% higher. Cooper Investors stated its intention to vote against approval of the proposed transaction and encouraged its fellow stockholders to do the same at the Company's upcoming special meeting of stockholders scheduled to be held on November 13, 2024. Price Target Changed • Sep 05
Price target increased by 8.9% to US$37.77 Up from US$34.68, the current price target is an average from 11 analysts. New target price is 7.9% above last closing price of US$35.00. The company is forecast to post a net loss per share of US$0.62 compared to earnings per share of US$0.12 last year. Announcement • Sep 05
Verizon Communications Inc. (NYSE:VZ) entered into a definitive agreement to acquire Frontier Communications Parent, Inc. (NasdaqGS:FYBR) for $9.9 billion. Verizon Communications Inc. (NYSE:VZ) entered into a definitive agreement to acquire Frontier Communications Parent, Inc. (NasdaqGS:FYBR) for $9.9 billion on September 4, 2024. As part of the consideration, the Frontier shareholders will receive $38.5 million per share. The sell-side termination fee equates to $320 million. The buy-side termination fee equates to $590 million. Verizon will have sufficient funds available to it (including cash, available lines of credit or other sources of immediately available funds) to enable Merger Sub and the Surviving Corporation to pay the aggregate Merger Consideration and any other amounts required to be paid in connection with the consummation. Existing debt at Frontier Communications is expected to be refinanced by Verizon. The deal is subject to the approval of regulatory board and antitrust regulations. The deal is subject to both Verizon's and Frontier shareholders approval. The deal was unanimously approved by both Verizon's and Frontiers board of directors. Transaction is expected to close in 18 months. The transaction is expected to be accretive to Verizon's revenue and Adjusted EBITDA growth rates upon closing and accretive to EPS beginning in 2027. Verizon expects to realize at least $500 million in run-rate cost synergies by year three from benefits of increased scale and distribution and network integration.
Centerview Partners LLC and Morgan Stanley & Co. LLC acted as financial advisor and William D. Regner, Michael A. Diz and Katherine D. Taylor of Debevoise & Plimpton LLP acted as legal advisor to Verizon Communications Inc. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Robert I. Townsend III, George F. Schoen and Matthew G. Jones of Cravath, Swaine & Moore LLP acted as legal advisor to to strategic review committee and board of directors of Frontier Communications Parent, Inc. Barclays Capital Inc. and PJT Partners LP acted as financial advisor to strategic review committee and board of directors of Frontier Communications Parent, Inc. Barclays Capital Inc. and PJT Partners LP acted as fairness opinion provider to to strategic review committee and board of directors of Frontier Communications Parent, Inc. Announcement • Sep 05
Verizon Communications Reportedly in Talks to Buy Frontier Communications Verizon Communications Inc. (NYSE:VZ) is in advanced talks to acquire rival telecommunications operator Frontier Communications Parent Inc. (NasdaqGS:FYBR), according to a person familiar with the negotiations. An all-cash deal between the two companies could be announced as soon as September 5, 2024, the person said, asking not to be named discussing non-public information. A representative for Frontier declined to comment. A spokesperson for Verizon didn’t immediately respond to a request for comment. The Wall Street Journal earlier reported on the talks. Frontier shares jumped as much as 38%, the most since emerging from bankruptcy in 2021, to $38.62. That gives the company a market value of $9.3 billion. Announcement • Aug 29
Frontier Receives More Than $23 Million in Grants to Expand Fiber Broadband Service to Unserved and Underserved Communities in California Frontier secured more than $23 million in Federal Funding Account grants to expand high-speed fiber broadband service to unserved and underserved homes and businesses in California. The three grants from the California Public Utility Commission will enable to expand the fiber-optic network in San Bernardino and Riverside counties. With these grants, company will bring fast, reliable connectivity to homes and businesses in the San Bernardino and Riverside areas, boosting economic and educational opportunities for county residents. This work strengthens the commitment to bringing high-speed fiber internet to unserved and underserved communities. Major Estimate Revision • Aug 27
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.559 to -US$0.62 per share. Revenue forecast unchanged at US$5.85b. Telecom industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$34.82. Share price was steady at US$28.95 over the past week. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$153m net loss in 3 years). Major Estimate Revision • Aug 09
Consensus EPS estimates fall by 256% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.153 to -US$0.544 per share. Revenue forecast unchanged at US$5.86b. Telecom industry in the US expected to see average net income growth of 21% next year. Consensus price target up from US$33.39 to US$34.61. Share price fell 3.2% to US$27.94 over the past week. Reported Earnings • Aug 04
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$0.49 loss per share (further deteriorated from US$0.008 loss in 2Q 2023). Revenue: US$1.48b (up 2.1% from 2Q 2023). Net loss: US$123.0m (loss widened US$121.0m from 2Q 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Announcement • Jul 11
Frontier Receives $15 Million Grant to Expand Fiber Broadband Service to Unserved Communities in Clinton County, Michigan Frontier received $15 Million in grant funding to expand high-speed fiber broadband service to homes and businesses across Michigan. The grant was awarded by Realizing Opportunity with Broadband Infrastructure Networks (ROBIN). Announcement • Jul 04
Frontier Communications Parent, Inc. to Report Q2, 2024 Results on Aug 02, 2024 Frontier Communications Parent, Inc. announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Aug 02, 2024 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. Independent Director Woody Young was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Jun 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.095 to -US$0.107 per share. Revenue forecast unchanged at US$5.80b. Telecom industry in the US expected to see average net income growth of 64% next year. Consensus price target of US$33.79 unchanged from last update. Share price rose 3.2% to US$26.18 over the past week. Major Estimate Revision • May 10
Consensus EPS estimates increase from loss to US$0.03 profit The consensus outlook for fiscal year 2024 has been updated. 2024 forecast for profit of -US$0.204 instead of a loss of US$0.03 per share previously. Revenue forecast unchanged at US$5.80b. Telecom industry in the US expected to see average net income growth of 40% next year. Consensus price target broadly unchanged at US$35.72. Share price was steady at US$26.00 over the past week. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: US$0.004 (vs US$0.012 in 1Q 2023) First quarter 2024 results: EPS: US$0.004 (down from US$0.012 in 1Q 2023). Revenue: US$1.46b (up 1.5% from 1Q 2023). Net income: US$1.00m (down 67% from 1Q 2023). Profit margin: 0.1% (down from 0.2% in 1Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 23
Consensus EPS estimates upgraded to US$0.20 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.257 to -US$0.204 per share. Revenue forecast steady at US$5.78b. Telecom industry in the US expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at US$35.24. Share price fell 3.4% to US$22.87 over the past week. Major Estimate Revision • Apr 01
Consensus EPS estimates fall from profit to US$0.33 loss The consensus outlook for fiscal year 2024 has been updated. Expected to report loss instead of -US$0.33 instead of US$0.028 per share profit previously forecast. Revenue forecast unchanged at US$5.78b Telecom industry in the US expected to see average net income growth of 25% next year. Consensus price target of US$36.08 unchanged from last update. Share price rose 3.2% to US$24.50 over the past week. Major Estimate Revision • Mar 08
Consensus EPS estimates fall by 53% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.305 to US$0.143. Revenue forecast unchanged from US$5.78b at last update. Net income forecast to shrink 436% next year vs 25% growth forecast for Telecom industry in the US . Consensus price target of US$36.08 unchanged from last update. Share price rose 3.2% to US$24.58 over the past week. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Feb 25
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.12 (down from US$1.80 in FY 2022). Revenue: US$5.75b (flat on FY 2022). Net income: US$29.0m (down 93% from FY 2022). Profit margin: 0.5% (down from 7.6% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in the US. Announcement • Feb 05
Frontier Communications Parent, Inc. Announces Appointment of Woody Young to Its Board of Directors Frontier Communications Parent, Inc. announced the appointment of Woody Young to its Board of Directors, effective immediately. Mr. Young is the former Chairman of Mergers and Acquisitions at Perella Weinberg Partners, where he also led the firm’s U.S. telecommunications and media advisory businesses. He previously served as the Co-Head of Global Telecommunications, Media, and Technology at Lazard. With Mr. Young’s appointment, the Frontier Board will expand to ten members, eight of whom are independent. The Board brings diverse and extensive experience across key disciplines, including technology, telecom, finance, operations, transactions, legal and regulatory, human capital, and shareholder value creation. Announcement • Jan 25
Frontier Introduces Network-As-A-Service to Business Customers Frontier announced it is introducing Network-as-a-Service (NaaS), a new model for delivering scalable wired and wireless networks via the cloud, to its business customers. Frontier is the first service provider in North America to team up with Nile, the leader in next-generation enterprise networks, to offer its artificial intelligence (AI)-driven, automated NaaS platform. The Details: Frontier delivers high-speed, reliable fiber connectivity to businesses, including healthcare providers, universities and state and local governments, in 25 states. Now, Frontier is expanding its offerings for its business customers. With Nile, Frontier is providing a cloud-based solution that is smart, improves security and simplifies network management. The Nile NaaS platform has built-in security features and uses AI to make automatic upgrades and proactively detect and resolve service issues, ensuring better network performance. This new offering saves Frontier's business customers time, money and resources by reducing the operational burden of managing their networks. Additionally, it provides Frontier's customers with the flexibility to add or subtract services like switches, firewalls and wireless access points, which are all included in a monthly subscription with zero upfront cost. Announcement • Jan 24
Frontier Communications Parent, Inc. to Report Q4, 2023 Results on Feb 23, 2024 Frontier Communications Parent, Inc. announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Feb 23, 2024 Major Estimate Revision • Dec 16
Consensus EPS estimates fall by 56% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.075 to -US$0.117 per share. Revenue forecast unchanged at US$5.78b. Telecom industry in the US expected to see average net income decline 80% next year. Consensus price target of US$35.50 unchanged from last update. Share price rose 6.2% to US$24.79 over the past week. Major Estimate Revision • Dec 08
Consensus EPS estimates fall by 400% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.015 to -US$0.075 per share. Revenue forecast unchanged at US$5.78b. Telecom industry in the US expected to see average net income decline 80% next year. Consensus price target of US$35.50 unchanged from last update. Share price rose 4.4% to US$23.34 over the past week.