Cablevision Systems Earnings: Here’s Why Investors are Ambivalent Now

Cablevision Systems Corporation (NYSE:CVC) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Cablevision Systems Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.06 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Decreased 8.12% to $1.52 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cablevision Systems Corporation reported adjusted EPS loss of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.05. It missed the average revenue estimate of $1.64 billion.

Quoting Management: Cablevision President and CEO James L. Dolan said, “Cablevision started the year off delivering sequential growth in our customer relationship, high-speed data and voice subscriber metrics, all while continuing to recover from the impact of Superstorm Sandy. In the second quarter, we anticipate the positive impact of our recent pricing moves as well as an improved advertising outlook to lead to sequential improvement in our AOCF. As we move through 2013, our ongoing efforts to enhance our customers’ experience with our products and services will continue, and we will remain focused on balancing these operational initiatives with our financial performance.”

Key Stats (on next page)…

Revenue decreased 8.41% from $1.66 billion in the previous quarter. EPS decreased to $-0.06 in the quarter versus EPS of $-0.32 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.2 to a profit $0.17. For the current year, the average estimate has moved down from a profit of $0.79 to a profit of $0.51 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)