Cable, internet, and telephone services provider Charter (NASDAQ: CHTR) will be reporting earnings this Friday morning. Here’s what you need to know.
Charter met analysts’ revenue expectations last quarter, reporting revenues of $13.77 billion, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates. It reported 29.9 million internet subscribers, down 1.5% year on year.
Is Charter a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Charter’s revenue to be flat year on year at $13.73 billion, slowing from the 1.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.41 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 twice 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 delivered year-on-year revenue growth of 1.6%, meeting analysts’ expectations, and Verizon reported revenues up 1.5%, falling short of estimates by 1.2%. AT&T traded down 5.4% following the results.
Read our full analysis of AT&T’s results here and Verizon’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4% on average over the last month. Charter is down 12% during the same time and is heading into earnings with an average analyst price target of $373.60 (compared to the current share price of $242).
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