Financial News
Charter (CHTR) To Report Earnings Tomorrow: Here Is What To Expect
Cable, internet, and telephone services provider Charter (NASDAQ:CHTR) will be announcing earnings results tomorrow before market open. Here’s what investors should know.
Charter met analysts’ revenue expectations last quarter, reporting revenues of $13.69 billion, flat year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ earnings estimates.
Is Charter a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Charter’s revenue to be flat year on year at $13.66 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $8.66 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. Charter has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Charter’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AT&T posted flat year-on-year revenue, meeting analysts’ expectations, and Verizon reported flat revenue, in line with consensus estimates. AT&T traded up 3.2% following the results while Verizon was down 1.9%.
Read our full analysis of AT&T’s results here and Verizon’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 2% on average over the last month. Charter is up 2% during the same time and is heading into earnings with an average analyst price target of $362.82 (compared to the current share price of $335.95).
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