Lumen Q1 2024 Earnings Preview (NYSE:LUMN)

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Lumen (NYSE:LUMN) is scheduled to announce Q1 earnings results on Tuesday, April 30th, after market close.
The consensus EPS Estimate is $0.03 (-70.0% Y/Y) and the consensus Revenue Estimate is $3.39B (-9.4% Y/Y).
Over the last 2 years, LUMN has beaten EPS estimates 63% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 3 upward revisions and 1 downward. Revenue estimates have seen 3 upward revisions and 3 downward.
Looking at the stock performance, LUMN has lost one-third of its value since the beginning of 2024.
SA author Bill Maurer expresses a bearish sentiment on Lumen, stating that analysts do not anticipate total revenue growth for the company in the coming years. He highlights cash burn as a crucial factor to monitor going forward. Maurer believes there is still significant work required for a successful turnaround of the company if its shares are to hold long-term value.