IHS Holding Ltd Down 5.57% To $5.26 After Earnings Miss

Tuesday, November 14, 2023 - IHS Holding Ltd (IHS) reported downside earnings and upside revenues.

IHS Holding Ltd's earnings came in at an EPS loss of $0.79 per share, 2075% lower than estimates for an EPS of $0.04 per share. The firm's loss per share expanded by 464% since reporting a loss of $0.14 per share a year ago.

Analyst projections for IHS Holding Ltd revenue came in at a consensus of $457.9 million. Third-Quarter revenues surpassed estimates for $467 million by $9.2 million (2%). The company achieved negative 10% growth year-over-year compared to the firm's revenue of $521.3 million from the year-ago quarter. The lower earnings growth relative to revenue signals IHS Holding Ltd has not been able to improve its profit margin.

The stock is down 5.57% to $5.26 after the report.

Despite IHS Holding Ltd reporting a decline in revenues, earnings increased signaling a rise in profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 61. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, most of who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria, Sub-Saharan Africa, MENA, and Latam. The majority of its revenue is derived from Nigeria.