Financial News
WideOpenWest (WOW) Q3 Earnings: What To Expect
Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) will be announcing earnings results tomorrow after market hours. Here’s what to expect.
WideOpenWest met analysts’ revenue expectations last quarter, reporting revenues of $158.8 million, down 8% year on year. It was a slower quarter for the company, with a miss of analysts’ operating margin estimates. It reported 495,200 total subscribers, down 5.2% year on year.
Is WideOpenWest a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting WideOpenWest’s revenue to decline 9% year on year to $157.5 million, a deceleration from its flat revenue in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WideOpenWest has missed Wall Street’s revenue estimates six times over the last two years.
Looking at WideOpenWest’s peers in the wireless, cable and satellite segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Charter delivered year-on-year revenue growth of 1.6%, meeting analysts’ expectations, and Comcast reported revenues up 6.5%, topping estimates by 1.1%. Comcast traded up 3% following the results.
Read our full analysis of Charter’s results here and Comcast’s results here.
Investors in the wireless, cable and satellite segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. WideOpenWest is up 1.2% during the same time and is heading into earnings with an average analyst price target of $6.15 (compared to the current share price of $5.17).
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