Charter Communications (CHTR): Earnings Season Forecast
Zacks Investment Research | Apr 22, 2016 04:16AM ET
Charter Communications Inc. (NASDAQ:CHTR) is scheduled to report first-quarter 2016 financial numbers on Apr 28, before the opening bell.
Last quarter, Charter Communications’ loss was wider than the Zacks Consensus Estimate, which led to a negative earnings surprise of 808.33%. Notably, the company’s earnings have missed the Zacks Consensus Estimate in two of the last four quarters, which leads to an average miss of 474.17%.
Let’s see how things are shaping up ahead of this announcement.
Factors Likely to Influence This Quarter
Charter Communications has been aggressively targeting the rapidly developing business services division. Notably, last quarter, the company’s commercial revenues totaled $294 million, up 12.3% year over year. We believe increased investments in this space should boost the company’s top line in the to-be-reported quarter.
Moreover, rollout of several initiatives and continued execution of its core customer growth strategy should result in accelerated residential and commercial customer increase in the quarter.
However, a saturated multi-channel U.S. video market and competition from low-cost online video streaming service providers is likely to weigh on the first-quarter performance.
Earnings Whispers
Our proven model does not conclusively show that Charter Communications is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Zacks Investment Research
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