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Shenandoah Telecom SHEN Q2 2024 earnings

Reported August 7, 2024 · Before market open

Revenue$85.8MMiss by $311.0K
EPS-$0.08Miss by $0.02
Revenue estimate$86.1M
EPS estimate-$0.07

Next report

Jul 29, 2026 (Today)
Revenue estimate$92.8M
EPS estimate-$0.28
View report

Financials

Q2 2024

Income statement

See full
Revenue$85.8M+20.3%
Gross profit$51.3M+13.2%
Operating income-$15.9M-771%
Net income-$12.9M-819%
EPS (diluted)-$0.24-700%

Balance sheet

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Cash & equivalents$43.8M+66.4%
Total debt$313.7M+75.0%
Total equity$933.1M+43.7%
Total assets$1.7B+61.2%

Cash flow

See full
Operating cash flow$2.5M-88.2%
CapEx$80.9M+18.1%
Free cash flow-$78.3M-66.6%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$824.99M-15.7%
Enterprise value$1.09B-3.3%
P/E
P/S2.8×-0.7×

Profitability

See full
Gross margin61.9%+0.2pp
Operating margin-4.7%-5.0pp
Net margin68.8%+68.6pp
FCF margin-70%+68.7pp

Returns & leverage

See full
Return on equity26%+25.9pp
Debt / equity0.3×+0.1×
Current ratio0.9×-0.1×

Segments

By product

See full
Cost of services$80.6M
Residential & SMB - Incumbent Broadband Markets$45.0M+1.3%
Commercial Fiber$19.9M+94.3%
Residential & SMB - Glo Fiber Expansion Markets$14.1M+72.6%
RLEC & Other$6.8M+78.5%

By segment

See full
Reportable Segment$85.8M

Versus estimates

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Questions, answered.

When did Shenandoah Telecom report Q2 2024 earnings?
Shenandoah Telecom (SHEN) reported Q2 2024 earnings on August 7, 2024 before market open.
What were Shenandoah Telecom's Q2 2024 revenue and EPS?
Shenandoah Telecom reported revenue of $85.8M and eps of $-0.08 for Q2 2024.
Did Shenandoah Telecom beat estimates in Q2 2024?
Revenue missed the consensus estimate of $86.1M by $311.0K. EPS missed the consensus estimate of $-0.07 by $0.01.
Where can I find Shenandoah Telecom's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001628280-24-035391) directly on SEC EDGAR. The filing index links above go to sec.gov.