Charter Communications First Quarter Earnings Sneak Peek

Charter Communications (NASDAQ:CHTR) will unveil its latest earnings on Tuesday, May 8, 2012. Charter Communications offers residential and commercial customers traditional cable video programming (basic and digital video), high-speed Internet services, and telephone services, as well as advanced broadband services.

Charter Communications Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 47 cents per share, a narrower loss from the year-earlier quarter net loss of 58 cents. During the past three months, the average estimate has moved down from a loss of 27 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 40 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 22 cents, coming in at net loss of 51 cents a share versus the estimate of a loss of 29 cents a share. It was the fourth straight quarter of missing estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 4% in revenue from the year-earlier quarter to $1.84 billion.

Analyst Ratings: Of the seven analysts surveyed, four (57.1%) rate Charter Communications a buy. This is below the mean analyst rating of eight competitors, which average 58.1% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss narrowed to a loss of $67 million (65 cents a share) from a loss of $85 million (75 cents) a year earlier, but missed analyst expectations. Revenue rose 2.8% to $1.83 billion from $1.78 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 2% in the first quarter of the last fiscal year, 1.1% in the second quarter of the last fiscal year and 2.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price rose $3.93 (6.7%), from $58.31 to $62.24. The stock price saw one of its best stretches over the last year between March 7, 2012 and March 16, 2012, when shares rose for eight straight days, increasing 5.7% (+$3.45) over that span. It saw one of its worst periods between February 27, 2012 and March 7, 2012 when shares fell for eight straight days, dropping 4.8% (-$3.03) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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