Altice (ATUS) To Report Earnings Tomorrow: Here Is What To Expect

StockStory
12 Feb
Altice (ATUS) To Report Earnings Tomorrow: Here Is What To Expect

Telecommunications and cable services provider Altice USA (NYSE:ATUS) will be reporting results tomorrow before the bell. Here’s what investors should know.

Altice missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $2.23 billion, down 3.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates. It reported 4.04 million broadband subscribers, down 3.7% year on year.

Is Altice a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Altice’s revenue to decline 2.9% year on year to $2.23 billion, in line with the 2.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Altice has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Altice’s peers in the wireless, cable and satellite segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Comcast delivered year-on-year revenue growth of 2.1%, beating analysts’ expectations by 1%, and Sirius XM reported a revenue decline of 4.3%, topping estimates by 0.7%. Comcast traded down 9.9% following the results while Sirius XM was up 9.9%.

Read our full analysis of Comcast’s results here and Sirius XM’s results here.

There has been positive sentiment among investors in the wireless, cable and satellite segment, with share prices up 2.7% on average over the last month. Altice is up 16.6% during the same time and is heading into earnings with an average analyst price target of $2.69 (compared to the current share price of $3).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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