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IHS Holding Q2 Earnings Lag Estimates

IHS Holding (NYSE: IHS) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -69.23%. A quarter ago, it was expected that this telecommunications infrastructure company would post earnings of $0.04 per share when it actually produced a loss of $0.07, delivering a surprise of -275%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. IHS Holding, which belongs to the Zacks Communication - Infrastructure industry, posted revenues of $435.38 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.81%. This compares to year-ago revenues of $546.2 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. IHS Holding shares have lost ...