Lumen Technologies (LUMN) Expected to Announce Earnings on Tuesday

Lumen Technologies (NYSE:LUMN - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $3.20 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Lumen Technologies (NYSE:LUMN - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Lumen Technologies had a negative net margin of 16.06% and a negative return on equity of 49.74%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the prior year, the company earned ($0.09) EPS. The business's revenue was down 11.5% on a year-over-year basis. On average, analysts expect Lumen Technologies to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Lumen Technologies Stock Performance

Shares of Lumen Technologies stock traded down $0.08 on Friday, hitting $4.93. The stock had a trading volume of 6,779,656 shares, compared to its average volume of 10,774,315. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of -2.27 and a beta of 1.28. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 53.05. Lumen Technologies has a 52-week low of $0.97 and a 52-week high of $10.33. The company's 50 day moving average price is $6.02 and its 200 day moving average price is $5.86.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup boosted their target price on Lumen Technologies from $6.50 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, November 29th. TD Cowen decreased their price objective on Lumen Technologies from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on shares of Lumen Technologies from $4.50 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $4.25 price target (up previously from $4.00) on shares of Lumen Technologies in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, Lumen Technologies has an average rating of "Hold" and a consensus target price of $4.66.

Lumen Technologies Company Profile

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.