Charter Communications, Inc. (NASDAQ:CHTR) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Charter Communications, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.42 in the quarter versus EPS of $-0.95 in the year-earlier quarter.
Revenue: Rose 4.93% to $1.92 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Charter Communications, Inc. reported adjusted EPS loss of $0.42 per share. By that measure, the company beat the mean analyst estimate of $-0.61. It beat the average revenue estimate of $1.9 billion.
Quoting Management: “Less than a year ago, we implemented a new strategy that substantially changed the way that Charter does business. While we still have more work to do, significant progress is evident in our first quarter results,” said Tom Rutledge, Charter President and CEO. “Our new operating strategies are having a positive impact on our customers, employees and the underlying fundamentals of our business. Our two-way, interactive, high capacity network offers significant competitive advantages, and our strategy is to fully leverage those benefits to drive improved product and service delivery, operating performance, and revenue and free cash flow growth.”
Key Stats (on next page)…
Revenue increased 0.21% from $1.91 billion in the previous quarter. EPS decreased to $-0.42 in the quarter versus EPS of $-0.41 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 loss of $0.06 to a loss $0.34. For the current year, the average estimate has moved down from a profit of $0.16 to a loss of $1.02 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)