We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Charter (CHTR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Charter Communications (CHTR - Free Report) reported $13.71 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.3%. EPS of $7.07 for the same period compares to $7.69 a year ago.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $13.72 billion. With the consensus EPS estimate being $8.93, the EPS surprise was -20.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Charter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Residential - Total Video Customers: 13,503 thousand compared to the 13,527.25 thousand average estimate based on five analysts.
Total Mobile Lines: 7,766 thousand compared to the 7,743.81 thousand average estimate based on five analysts.
Small and Medium Business - Customer Relationships: 2,222 thousand versus 2,230.34 thousand estimated by five analysts on average.
Residential - Customer Relationships: 29,904 thousand compared to the 30,015.48 thousand average estimate based on five analysts.
Revenues- Residential- Video: $3.91 billion versus the six-analyst average estimate of $3.96 billion. The reported number represents a year-over-year change of -8.1%.
Revenues- Advertising sales: $428 million versus $427.14 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
Revenues- Commercial- Total: $1.78 billion compared to the $1.79 billion average estimate based on six analysts. The reported number represents a change of +1.7% year over year.
Revenues- Residential- Mobile service: $626 million compared to the $615.23 million average estimate based on six analysts. The reported number represents a change of -28.5% year over year.
Revenues- Other: $771 million versus the six-analyst average estimate of $713.10 million. The reported number represents a year-over-year change of +252.1%.
Revenues- Residential- Internet: $5.81 billion compared to the $5.84 billion average estimate based on six analysts. The reported number represents a change of +3% year over year.
Revenues- Residential- Voice: $393 million versus $358.74 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
Revenues- Residential- Total: $10.73 billion compared to the $10.78 billion average estimate based on five analysts. The reported number represents a change of +4.5% year over year.
Shares of Charter have returned +1.8% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Charter (CHTR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Charter Communications (CHTR - Free Report) reported $13.71 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.3%. EPS of $7.07 for the same period compares to $7.69 a year ago.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $13.72 billion. With the consensus EPS estimate being $8.93, the EPS surprise was -20.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Charter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Residential - Total Video Customers: 13,503 thousand compared to the 13,527.25 thousand average estimate based on five analysts.
- Total Mobile Lines: 7,766 thousand compared to the 7,743.81 thousand average estimate based on five analysts.
- Small and Medium Business - Customer Relationships: 2,222 thousand versus 2,230.34 thousand estimated by five analysts on average.
- Residential - Customer Relationships: 29,904 thousand compared to the 30,015.48 thousand average estimate based on five analysts.
- Revenues- Residential- Video: $3.91 billion versus the six-analyst average estimate of $3.96 billion. The reported number represents a year-over-year change of -8.1%.
- Revenues- Advertising sales: $428 million versus $427.14 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
- Revenues- Commercial- Total: $1.78 billion compared to the $1.79 billion average estimate based on six analysts. The reported number represents a change of +1.7% year over year.
- Revenues- Residential- Mobile service: $626 million compared to the $615.23 million average estimate based on six analysts. The reported number represents a change of -28.5% year over year.
- Revenues- Other: $771 million versus the six-analyst average estimate of $713.10 million. The reported number represents a year-over-year change of +252.1%.
- Revenues- Residential- Internet: $5.81 billion compared to the $5.84 billion average estimate based on six analysts. The reported number represents a change of +3% year over year.
- Revenues- Residential- Voice: $393 million versus $358.74 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
- Revenues- Residential- Total: $10.73 billion compared to the $10.78 billion average estimate based on five analysts. The reported number represents a change of +4.5% year over year.
View all Key Company Metrics for Charter here>>>Shares of Charter have returned +1.8% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.