Telecommunications and cable service provider Liberty Broadband (NASDAQ: LBRDK) will be reporting results this Wednesday before market open. Here’s what to expect.
Liberty Broadband beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $261 million, up 6.1% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ revenue estimates.
Is Liberty Broadband a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Liberty Broadband’s revenue to grow 2.2% year on year to $267.7 million, slowing from the 9.2% increase it recorded in the same quarter last year.
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. Liberty Broadband has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 5.3% on average.
Looking at Liberty Broadband’s peers in the media & entertainment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Omnicom Group delivered year-on-year revenue growth of 4%, meeting analysts’ expectations, and IMAX reported revenues up 16.6%, topping estimates by 0.6%. Omnicom Group traded up 3.2% following the results while IMAX was down 1.1%.
Read our full analysis of Omnicom Group’s results here and IMAX’s results here.
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