Anterix Q3 net loss comes above expectations

Reuters
11 hours ago
<a href="https://laohu8.com/S/ATEX">Anterix</a> Q3 net loss comes above expectations 

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.)

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