Important Factors Before Lumen's (LUMN) Q4 Earnings Release

The Zacks Consensus Estimate for overall revenues is $3.44 billion, down 9.6% from last year. The consensus expectation is a 3 cent loss per share. A year ago, LUMN earned 43 cents.

The firm missed the Zacks Consensus Estimate in two of the previous four quarters and topped the rest. Average trailing four-quarter earnings surprise is 0.69%. In the past year, LUMN shares have dropped 75.7% while the sub-industry grew 22.4%.

Security, cloud, unified communications, and IT goods may have boosted top-line performance. Management is also working on cost discipline and closing non-value-added activities to boost profits.

Lumen Technologies, Inc. price-eps-surprise Inc. Lumen Technologies Quote Continued Quantum Fiber and enterprise business investments may have been good. The quarter had 19,000 Quantum fiber customers, bringing the total to 896,000.

The third quarter saw 141,000 enablements. The retained states had 3.5 million enabled sites on September 30, 2023. The business wants over 500,000 enabled places by 2023.

LUMN is also undertaking a slow digital makeover. Massive debt and Business, Enterprise Channels, and Mass Markets weakness are major headwinds.

The Business and Mass Markets categories are projected to generate $2,671.7 million and $749.2 million, respectively.

Apart from a time-consuming company transition, global macroeconomic uncertainty, FX volatility, and inflationary pressure may hurt Lumen's fourth-quarter revenues.