Altice USA Earnings: What To Look For From ATUS

Petr Huřťák /
2024/02/13 2:00 am EST

Telecommunications and cable services provider Altice USA (NYSE:ATUS) will be announcing earnings results tomorrow after market close. Here's what you need to know.

Last quarter Altice USA reported revenues of $2.32 billion, down 3.2% year on year, beating analyst revenue expectations by 1%. It was a strong quarter for the company, with an impressive beat of analysts' revenue and earnings estimates.

Is Altice USA buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Altice USA's revenue to decline 3.3% year on year to $2.29 billion, improvement on the 6% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

Altice USA Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.

Looking at Altice USA's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Sirius XM delivered top-line growth of 0.2% year on year, missing analyst estimates by 0.2% and Charter reported revenues up 0.3% year on year, exceeding estimates by 0.1%. Sirius XM traded flat on the results, and Charter was down 5.2%.

Read our full analysis of Sirius XM's results here and Charter's results here.

There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 5.9% over the last month. Altice USA is down 10.8% during the same time, and is heading into the earnings with analyst price target of $5, compared to share price of $2.2.

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