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Charter Communications (CHTR) Tops Q3 Earnings, Revenues
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Leading U.S cable TV operator, Charter Communications Inc. (CHTR - Free Report) , primarily offers three services – video, high-speed data and voice over its broadband cable systems to both residential and business customers.
Charter Communications is facing stiff competition from online video streaming service providers as they provide an extremely cheap source of TV programming. Notably, the over the top business model is gaining momentum, threatening the pay TV model. Additionally, the multi-channel video market in the U.S. is almost saturated. Furthermore, gaining customers from competitors is a difficult task as most pay-TV operators are offering innovative packages. Moreover Charter Communications has a highly leveraged balance sheet.
However, the acquisition of two U.S. cable operators – Time Warner Cable and Bright House Networks -- will strengthen the company’s foothold in hybrid fiber coax (HFC) and fiber networks. This should also help Charter Communications better address small and medium-sized business and large businesses. The company is also adopting various initiatives to improve its Spectrum products and cloud-based user interfaces. Accelerated residential and commercial customer growth, investments in business services division and rollout of several initiatives bode well.
Charter Communications currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has suffered a massive negative average earnings surprise of 139.38% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Charter Communications beats earnings estimate in the third-quarter 2016. Our consensus earnings per share estimate were 62 cents while the company reported earnings per share of 69 cents. Investors should note that these figures take out stock option expenses.
Revenue: Charter Communications generated total revenue of $10,037 million, which beats the Zacks Consensus Estimate of $10,020 million.
Key Stats to Note: During the third quarter of 2016, residential high-speed Internet subscribers rose by 30,000 to 21.017 million. Voice subscribers grew 33,000 to 10.288 million. However, video subscribers decreased by 47,000 to 16.887 million.
Check back later for our full write up on this Charter Communications earnings report later!
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Charter Communications (CHTR) Tops Q3 Earnings, Revenues
Leading U.S cable TV operator, Charter Communications Inc. (CHTR - Free Report) , primarily offers three services – video, high-speed data and voice over its broadband cable systems to both residential and business customers.
Charter Communications is facing stiff competition from online video streaming service providers as they provide an extremely cheap source of TV programming. Notably, the over the top business model is gaining momentum, threatening the pay TV model. Additionally, the multi-channel video market in the U.S. is almost saturated. Furthermore, gaining customers from competitors is a difficult task as most pay-TV operators are offering innovative packages. Moreover Charter Communications has a highly leveraged balance sheet.
However, the acquisition of two U.S. cable operators – Time Warner Cable and Bright House Networks -- will strengthen the company’s foothold in hybrid fiber coax (HFC) and fiber networks. This should also help Charter Communications better address small and medium-sized business and large businesses. The company is also adopting various initiatives to improve its Spectrum products and cloud-based user interfaces. Accelerated residential and commercial customer growth, investments in business services division and rollout of several initiatives bode well.
Charter Communications currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has suffered a massive negative average earnings surprise of 139.38% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Charter Communications beats earnings estimate in the third-quarter 2016. Our consensus earnings per share estimate were 62 cents while the company reported earnings per share of 69 cents. Investors should note that these figures take out stock option expenses.
Revenue: Charter Communications generated total revenue of $10,037 million, which beats the Zacks Consensus Estimate of $10,020 million.
Key Stats to Note: During the third quarter of 2016, residential high-speed Internet subscribers rose by 30,000 to 21.017 million. Voice subscribers grew 33,000 to 10.288 million. However, video subscribers decreased by 47,000 to 16.887 million.
Check back later for our full write up on this Charter Communications earnings report later!
CHARTER COMM-A Price and Consensus
CHARTER COMM-A Price and Consensus | CHARTER COMM-A Quote
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Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>