Charter Communications Third Quarter Earnings Sneak Peek

Charter Communications (NASDAQ:CHTR) will unveil its latest earnings on Tuesday, November 1, 2011. 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 the company to break even after the company reported net loss of 82 cents per share in the year earlier quarter. During the past three months, the average estimate has moved down from 17 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 90 cents, coming in at a loss of 67 cents a share versus the estimate of profit of 23 cents a share. It was the fourth straight quarter of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $1.8 billion in revenue this quarter, a rise of 1.7% from the year ago quarter. Analysts are forecasting total revenue of $7.2 billion for the year, a rise of 2% from last year’s revenue of $7.06 billion.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and one rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $107 million (98 cents a share) from a loss of $81 million (72 cents) a year earlier, missing analyst expectations. Revenue rose 1.1% to $1.79 billion from $1.77 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 2% in the first quarter from the year earlier, climbed 4.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 4.5% in the third quarter of the last fiscal year.

Competitors to Watch: Time Warner Inc. (NYSE:TWX), Liberty Global Inc. (NASDAQ:LBTYA), Comcast Corporation (NASDAQ:CMCSA), Mediacom Communications Corp. (NASDAQ:MCCC), Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Shaw Communications Inc. (NYSE:SJR), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO), DirecTV (NASDAQ:DTV) and DISH Network Corp. (NASDAQ:DISH).

Stock Price Performance: During October 20, 2011 to October 26, 2011, the stock price had risen $1.22 (2.5%) from $49 to $50.22. The stock price saw one of its best stretches over the last year between March 29, 2011 and April 6, 2011 when shares rose for seven-straight days, rising 12.9% (+$6.32) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 14.7% (-$8.76) over that span. Shares are up $11.28 (+29%) year to date.

(Source: Xignite Financials)

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