Lumen Technologies (LUMN) Expected to Announce Quarterly Earnings on Tuesday

Lumen Technologies (NYSE:LUMN - Get Free Report) is anticipated to announce its earnings results 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 that wish to listen to the company's conference call can do so using this link.

Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its earnings results on Tuesday, November 5th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.21 billion. During the same period in the previous year, the firm earned ($0.09) EPS. The firm's revenue for the quarter was down 11.5% compared to the same quarter last year. 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 Up 2.3 %

LUMN traded up $0.12 during trading hours on Tuesday, hitting $5.09. 15,408,035 shares of the company's stock were exchanged, compared to its average volume of 9,748,874. The firm has a market cap of $5.16 billion, a P/E ratio of -2.34 and a beta of 1.28. Lumen Technologies has a 12-month low of $0.97 and a 12-month high of $10.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 53.05. The firm has a 50 day moving average of $6.18 and a 200 day moving average of $5.85.

Analyst Upgrades and Downgrades

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

About Lumen Technologies

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.