-$0.32 EPS Expected for Cincinnati Bell Inc. (CBB) This Quarter

Brokerages forecast that Cincinnati Bell Inc. (NASDAQ:CBB) will report earnings of ($0.32) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cincinnati Bell’s earnings. Cincinnati Bell reported earnings of $0.03 per share in the same quarter last year, which indicates a negative year over year growth rate of 1,166.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that Cincinnati Bell will report full-year earnings of ($1.26) per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of ($0.68) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Cincinnati Bell.

Cincinnati Bell (NASDAQ:CBB) last announced its earnings results on Wednesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The business had revenue of $296.80 million during the quarter, compared to analysts’ expectations of $297.96 million.

Separately, Wells Fargo & Co upped their target price on Cincinnati Bell to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th.

Shares of Cincinnati Bell stock opened at $14.77 on Thursday. Cincinnati Bell has a 12-month low of $9.90 and a 12-month high of $22.20.

Cincinnati Bell Company Profile

Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.

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