Windstream Holdings, Inc. (WIN) Expected to Post Quarterly Sales of $1.5 Billion
Equities analysts predict that Windstream Holdings, Inc. (NASDAQ:WIN) will post $1.5 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Windstream Holdings’ earnings, with the lowest sales estimate coming in at $1.49 billion and the highest estimate coming in at $1.51 billion. Windstream Holdings reported sales of $1.36 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Windstream Holdings will report full-year sales of $1.5 billion for the current financial year, with estimates ranging from $5.78 billion to $6.01 billion. For the next financial year, analysts forecast that the firm will post sales of $5.76 billion per share, with estimates ranging from $5.43 billion to $6.02 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Windstream Holdings.
Several research analysts have commented on the company. Goldman Sachs Group Inc reaffirmed a “sell” rating on shares of Windstream Holdings in a research report on Wednesday, March 22nd. Jefferies Group LLC raised Windstream Holdings from an “underperform” rating to a “hold” rating in a research report on Thursday, March 2nd.
Windstream Holdings (NASDAQ:WIN) opened at 4.42 on Friday. The company’s market capitalization is $841.98 million. The company’s 50-day moving average price is $5.11 and its 200 day moving average price is $6.66. Windstream Holdings has a 52 week low of $4.28 and a 52 week high of $10.45.
About Windstream Holdings
Windstream Corporation (Windstream) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide. In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets.
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