FMP
Uniti Group Reports Worse Than Expected Q4 Results
Feb 28, 2023 11:55 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Uniti Group Inc. (NASDAQ:UNIT) reported its Q4 earnings results on Friday, with EPS of $0.13 coming in worse than the Street estimate of $0.18. Revenue was $283.74 million, missing the Street estimate of $285.54 million.
Management is focused on driving organic growth, and remains disciplined with regard to M&A. It does not expect any transactions in the near term given the macro environment.
The company introduced long-term organic growth targets for its strategic fiber business. Through 2030, management projects strategic fiber revenue/EBITDA midpoints of $850 million/$575 million, equating to CAGRs of approximately 7% and 9%, respectively.
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