Nov 12 (Reuters) - Overview
Anterix posts fiscal Q2 net income of $53.5 mln vs loss of $12.8 mln year ago
Company recorded $60 mln gain on broadband license exchange
Launched TowerX and CatalyX solutions for utility network deployment
Outlook
Company did not provide specific financial guidance for future quarters or fiscal year in its press release
Result Drivers
ACCELERATED CUSTOMER PROCEEDS - Anterix accelerated $19 mln in customer proceeds into fiscal 2026, with over $60 mln expected by end of fiscal 2026
NEW SOLUTIONS LAUNCH - Anterix launched TowerX and CatalyX solutions, targeting a $1 bln annual market opportunity for utility network deployment
LICENSE GAINS - Anterix recorded $60 mln gain on exchange of broadband licenses and $11 mln gain on sale of broadband licenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Spectrum Revenue | $1.55 mln | ||
Q2 EPS | $2.86 | ||
Q2 Net Income | $53.54 mln | ||
Q2 Pretax Profit | $61.05 mln | ||
Q2 Basic EPS | $2.86 | ||
Q2 Operating Expenses | $11.93 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 $50.00, about 63.3% above its November 12 closing price of $18.35
Press Release: ID:nGNXx3tcW
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