Yahoo Finance Charter (CHTR) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, Charter Communications (CHTR) reported revenue of $13.68 billion, up 0.2% over the same period last year. EPS came in at $7.55, compared to $6.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $13.7 billion, representing a surprise of -0.13%. The company delivered an EPS surprise of -0.53%, with the consensus EPS estimate being $7.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Charter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Voice Customers: 7,726 thousand compared to the 7,765.18 thousand average estimate based on three analysts.
Total Internet Customers: 30,516 thousand compared to the 30,505.51 thousand average estimate based on three analysts.
SMB - Total Customers (Video, Internet & Voice): 3,938 thousand compared to the 3,952.34 thousand average estimate based on three analysts.
SMB - Total Voice Customers: 1,288 thousand versus the three-analyst average estimate of 1,293.65 thousand.
Revenues- Residential- Video: $3.91 billion versus $3.90 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.1% change.
Revenues- Advertising sales: $391 million versus $377.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Revenues- Commercial- Total: $1.80 billion compared to the $1.79 billion average estimate based on four analysts. The reported number represents a change of +1.3% year over year.
Revenues- Residential- Mobile service: $685 million versus $662.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +37.8% change.
Revenues- Other: $699 million versus $736.86 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
Revenues- Residential- Internet: $5.83 billion compared to the $5.84 billion average estimate based on four analysts. The reported number represents a change of +1.9% year over year.
Revenues- Residential- Voice: $374 million versus the four-analyst average estimate of $380.43 million. The reported number represents a year-over-year change of +0.3%.
Revenues- Commercial- Enterprise: $708 million versus $704.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
View all Key Company Metrics for Charter here>>>
Shares of Charter have returned -10.9% over the past month versus the Zacks S&P 500 composite's -3.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Charter Communications, Inc. (CHTR) : Free Stock Analysis Report
