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Cable One (CABO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2024, Cable One (CABO - Free Report) reported revenue of $393.56 million, down 6.4% over the same period last year. EPS came in at $7.92, compared to $10.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $390.78 million, representing a surprise of +0.71%. The company delivered an EPS surprise of -20.24%, with the consensus EPS estimate being $9.93.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cable One performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Residential Video: $53.65 million versus the two-analyst average estimate of $53.58 million. The reported number represents a year-over-year change of -13.9%.
Revenues- Residential Data: $230.36 million compared to the $229.34 million average estimate based on two analysts. The reported number represents a change of -6.9% year over year.
Revenues- Other: $26.56 million versus the two-analyst average estimate of $24.61 million. The reported number represents a year-over-year change of +2.2%.
Revenues- Business services(Business data+Business other): $75.22 million versus the two-analyst average estimate of $75.42 million. The reported number represents a year-over-year change of -0.5%.
Revenues- Residential Voice: $7.77 million compared to the $7.84 million average estimate based on two analysts. The reported number represents a change of -14.5% year over year.
Shares of Cable One have returned +30.5% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Cable One (CABO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2024, Cable One (CABO - Free Report) reported revenue of $393.56 million, down 6.4% over the same period last year. EPS came in at $7.92, compared to $10.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $390.78 million, representing a surprise of +0.71%. The company delivered an EPS surprise of -20.24%, with the consensus EPS estimate being $9.93.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cable One performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Residential Video: $53.65 million versus the two-analyst average estimate of $53.58 million. The reported number represents a year-over-year change of -13.9%.
- Revenues- Residential Data: $230.36 million compared to the $229.34 million average estimate based on two analysts. The reported number represents a change of -6.9% year over year.
- Revenues- Other: $26.56 million versus the two-analyst average estimate of $24.61 million. The reported number represents a year-over-year change of +2.2%.
- Revenues- Business services(Business data+Business other): $75.22 million versus the two-analyst average estimate of $75.42 million. The reported number represents a year-over-year change of -0.5%.
- Revenues- Residential Voice: $7.77 million compared to the $7.84 million average estimate based on two analysts. The reported number represents a change of -14.5% year over year.
View all Key Company Metrics for Cable One here>>>Shares of Cable One have returned +30.5% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.