Overview
Private wireless broadband firm's fiscal Q3 net loss comes above analyst expectations
FCC vote to expand 900 MHz broadband allocation expected to enhance capabilities
Outlook
Anterix expects $80 mln of contracted proceeds in Q4 fiscal 2026
FCC vote to expand 900 MHz broadband allocation expected to enhance capabilities
Result Drivers
BROADBAND LICENSE EXCHANGE - Anterix recorded a $0.8 mln gain from exchanging narrowband for broadband licenses in 12 counties
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Spectrum Revenue | $1.57 mln | ||
Q3 EPS | -$0.35 | ||
Q3 Net Income | Beat | -$6.60 mln | -$10.29 mln (2 Analysts) |
Q3 Pretax Profit | Beat | -$8.65 mln | -$10.14 mln (2 Analysts) |
Q3 Basic EPS | -$0.35 | ||
Q3 Operating Expenses | $11.77 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 73.5% above its February 10 closing price of $28.82
Press Release: ID:nGNX4w1St4
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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.)