CommScope (COMM) Scheduled to Post Earnings on Thursday

CommScope (NASDAQ:COMM - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect CommScope to post earnings of $0.33 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

CommScope (NASDAQ:COMM - Get Free Report) last posted its earnings results on Thursday, August 8th. The communications equipment provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.23 billion. CommScope had a negative net margin of 31.24% and a negative return on equity of 3.08%. The business's quarterly revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. On average, analysts expect CommScope to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CommScope Stock Performance

NASDAQ COMM traded down $0.22 during trading on Thursday, reaching $6.73. 4,509,609 shares of the company's stock were exchanged, compared to its average volume of 4,069,611. CommScope has a 1 year low of $0.86 and a 1 year high of $7.06. The stock has a market cap of $1.43 billion, a P/E ratio of -0.76, a price-to-earnings-growth ratio of 0.28 and a beta of 2.10. The company has a 50 day moving average price of $5.57 and a two-hundred day moving average price of $3.00.

Analysts Set New Price Targets

COMM has been the topic of several recent analyst reports. StockNews.com upgraded shares of CommScope from a "sell" rating to a "hold" rating in a research note on Thursday, August 15th. Northland Securities increased their target price on shares of CommScope from $1.25 to $2.00 and gave the company a "market perform" rating in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of CommScope from $1.25 to $2.00 and gave the company a "hold" rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, CommScope presently has an average rating of "Hold" and a consensus target price of $1.75.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.