Charter Communications Second Quarter Earnings Sneak Peek

The Cheat Sheet

Charter Communications will unveil its latest earnings on Tuesday, August 2, 2011. Charter Communications, Inc. 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 net income of 23 cents per share, a swing from a loss of 72 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 26 cents. Between one and three months ago, the average estimate moved down, but has risen from 20 cents during the last month.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net loss of 58 cents per share versus a mean estimate of profit of 23 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.81 billion in revenue this quarter, a rise of 2.3% from the year ago quarter. Analysts are forecasting total revenue of $7.24 billion for the year, a rise of 2.5% from last year’s revenue of $7.06 billion.

Analyst Ratings: Analysts are bullish on Charter Communications as two analysts rate it as a buy, none rate it as a sell and two rate it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 2% to $1.77 billion in first quarter. The figure rose 4.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.5% in the third quarter of the last fiscal year from the year-ago quarter and 4.8% in the second quarter of the last fiscal year.

Competitors to Watch:  Comcast Corporation , Cablevision Systems Corp. , Mediacom Communications Corp. , Time Warner Inc. , AT&T Inc. , DISH Network Corp. , Time Warner Cable , Verizon Communications Inc. , DIRECTV , TiVo , Cablevision , Netflix and China Cablecom Hldgs. Ltd. .

Stock Price Performance: During June 28, 2011 to July 27, 2011, the stock price had risen $2.78 (5.1%) from $54.57 to $57.35. 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 November 18, 2010 and November 30, 2010 when shares fell for eight-straight days, falling 6.4% (-$2.29) over that span. Shares are up $18.41 (+47.3%) year to date.

(Source: Xignite Financials)

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