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Cable ONE Inc. (CABO - Free Report) is a small-sized cable MSO (multi service operator) in the U.S. The company provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. Cable ONE caters to almost 700,000 customers across 19 states.
Cable ONE made major changes in its channels and their availability to customers. New line ups were implemented to make news, sports and other channels easily accessible to viewers. However, the company’s failure to sign a retransmission consent deal with Northwest Broadcasting took the latter’s channels off from its portfolio. Moreover, being a cable TV company, Cable ONE faces immense competition from leading cable multi-service-operators (MSO) in the U.S. like Comcast Corp. (CMCSA - Free Report) and Charter Communications Inc. (CHTR - Free Report) .
Zacks Rank: Cable ONE currently carries a Zacks Rank #5 (Strong Sell). Nevertheless, both Comcast and Charter Communications currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a positive average earnings surprise of 10.36% in the previous four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cable ONE lagged Q4 2016 earnings estimate. Our consensus earnings estimate called for an EPS of $4.31 and the company reported adjusted EPS of $4.23. Investors should note that these figures take out stock option expenses.
Revenue: Cable ONE reported total revenue of $206.7 million surpassing our estimate by $0.6 million.
Key States to Note: At the end of 2016, Cable ONE had total customer base of 657,222, down 1.1% year over year. Residential customers were 605,699, down 1.9% year over year. Business customers were 51,523, up 8.7% year over year. Total customer ARPU was $104.78, up 2.9% year over year.
Check back later for our full write up on this Cable ONE earnings report later!
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Cable ONE (CABO) Lags Q4 Earnings, Tops Revenues
Cable ONE Inc. (CABO - Free Report) is a small-sized cable MSO (multi service operator) in the U.S. The company provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. Cable ONE caters to almost 700,000 customers across 19 states.
Cable ONE made major changes in its channels and their availability to customers. New line ups were implemented to make news, sports and other channels easily accessible to viewers. However, the company’s failure to sign a retransmission consent deal with Northwest Broadcasting took the latter’s channels off from its portfolio. Moreover, being a cable TV company, Cable ONE faces immense competition from leading cable multi-service-operators (MSO) in the U.S. like Comcast Corp. (CMCSA - Free Report) and Charter Communications Inc. (CHTR - Free Report) .
Zacks Rank: Cable ONE currently carries a Zacks Rank #5 (Strong Sell). Nevertheless, both Comcast and Charter Communications currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a positive average earnings surprise of 10.36% in the previous four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cable ONE lagged Q4 2016 earnings estimate. Our consensus earnings estimate called for an EPS of $4.31 and the company reported adjusted EPS of $4.23. Investors should note that these figures take out stock option expenses.
Revenue: Cable ONE reported total revenue of $206.7 million surpassing our estimate by $0.6 million.
Key States to Note: At the end of 2016, Cable ONE had total customer base of 657,222, down 1.1% year over year. Residential customers were 605,699, down 1.9% year over year. Business customers were 51,523, up 8.7% year over year. Total customer ARPU was $104.78, up 2.9% year over year.
Cable One, Inc. Price and EPS Surprise
Cable One, Inc. Price and EPS Surprise | Cable One, Inc. Quote
Check back later for our full write up on this Cable ONE earnings report later!
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>