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Compared to Estimates, Altice USA, Inc. (ATUS) Q3 Earnings: A Look at Key Metrics
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Altice USA, Inc. (ATUS - Free Report) reported $2.32 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.2%. EPS of $0.15 for the same period compares to $0.19 a year ago.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.29 billion. With the consensus EPS estimate being $0.09, the EPS surprise was +66.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Altice USA, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Residential Unique Customer Relationships - Total: 4,391.5 thousand versus the four-analyst average estimate of 4,413.19 thousand.
SMB Unique Customer Relationships - Total: 381.1 thousand compared to the 379.93 thousand average estimate based on four analysts.
Pay TV / Video Subscribers - Total Residential Customers: 2,234.6 thousand versus 2,244.15 thousand estimated by four analysts on average.
Broadband Subscribers - Total Residential Customers: 4,196 thousand versus the four-analyst average estimate of 4,203.62 thousand.
Revenue- Video: $775.82 million versus the five-analyst average estimate of $761.09 million. The reported number represents a year-over-year change of -4.9%.
Revenue- Broadband- Total: $961.75 million versus the five-analyst average estimate of $947.33 million. The reported number represents a year-over-year change of -2.1%.
Revenue- Telephony- Total: $73.64 million versus the five-analyst average estimate of $77.79 million. The reported number represents a year-over-year change of -11.4%.
Revenue- Business services and wholesale- Total: $366.85 million versus $362.70 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
Revenue- News and Advertising: $107.48 million versus $116.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.8% change.
Revenue- Other- Total: $11.34 million compared to the $12.23 million average estimate based on five analysts. The reported number represents a change of +320% year over year.
Revenue- Mobile- Total: $20.32 million compared to the $17.70 million average estimate based on five analysts. The reported number represents a change of -11% year over year.
Revenue- Residential: $1.83 billion versus $1.80 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
Shares of Altice USA, Inc. have returned -6.8% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Altice USA, Inc. (ATUS) Q3 Earnings: A Look at Key Metrics
Altice USA, Inc. (ATUS - Free Report) reported $2.32 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.2%. EPS of $0.15 for the same period compares to $0.19 a year ago.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.29 billion. With the consensus EPS estimate being $0.09, the EPS surprise was +66.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Altice USA, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Residential Unique Customer Relationships - Total: 4,391.5 thousand versus the four-analyst average estimate of 4,413.19 thousand.
- SMB Unique Customer Relationships - Total: 381.1 thousand compared to the 379.93 thousand average estimate based on four analysts.
- Pay TV / Video Subscribers - Total Residential Customers: 2,234.6 thousand versus 2,244.15 thousand estimated by four analysts on average.
- Broadband Subscribers - Total Residential Customers: 4,196 thousand versus the four-analyst average estimate of 4,203.62 thousand.
- Revenue- Video: $775.82 million versus the five-analyst average estimate of $761.09 million. The reported number represents a year-over-year change of -4.9%.
- Revenue- Broadband- Total: $961.75 million versus the five-analyst average estimate of $947.33 million. The reported number represents a year-over-year change of -2.1%.
- Revenue- Telephony- Total: $73.64 million versus the five-analyst average estimate of $77.79 million. The reported number represents a year-over-year change of -11.4%.
- Revenue- Business services and wholesale- Total: $366.85 million versus $362.70 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
- Revenue- News and Advertising: $107.48 million versus $116.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.8% change.
- Revenue- Other- Total: $11.34 million compared to the $12.23 million average estimate based on five analysts. The reported number represents a change of +320% year over year.
- Revenue- Mobile- Total: $20.32 million compared to the $17.70 million average estimate based on five analysts. The reported number represents a change of -11% year over year.
- Revenue- Residential: $1.83 billion versus $1.80 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
View all Key Company Metrics for Altice USA, Inc. here>>>Shares of Altice USA, Inc. have returned -6.8% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.