Charter Communications Earnings: Everything You Must Know Now

Charter Communications, Inc. (NASDAQ:CHTR) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Charter Communications, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.41 in the quarter versus EPS of $-0.63 in the year-earlier quarter.

Revenue: Rose 4.31% to $1.91 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Charter Communications, Inc. reported adjusted EPS loss of $0.41 per share. By that measure, the company missed the mean analyst estimate of $-0.28. It beat the average revenue estimate of $1.91 billion.

Quoting Management: “Our fourth quarter results provide early evidence that our strategic changes are working as planned,” said Tom Rutledge, Charter President and CEO. “We are providing a more competitive product and service, and as a result, customer relationships are growing and underlying subscription revenue is accelerating. Across both our residential and commercial businesses, our strategies are designed to drive higher market penetration and sustainable growth.”

Key Stats (on next page)…

Revenue increased 1.76% from $1.88 billion in the previous quarter. EPS increased to $-0.41 in the quarter versus EPS of $-0.87 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 $0.28 to a loss $0.29. For the current year, the average estimate has moved down from a loss of $2.75 to a loss of $2.88 over the last ninety days.

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