Altice USA (ATUS) Earnings Preview: Analysts Anticipate Revenue Decline
Altice USA (NYSE: ATUS), a provider of telecommunications and cable services, will announce its quarterly financial results before market open tomorrow.
Last quarter, Altice missed analysts' revenue estimates by 0.7%, reporting a 3.9% year-over-year decline to $2.23 billion. However, this quarter, analysts project a milder revenue decline of 2.9% to $2.23 billion. Adjusted earnings per share are anticipated to reach $0.04.
Over the past 30 days, analysts have maintained their estimates, indicating their belief in the company's stable performance heading into earnings. In the past two years, Altice has missed Wall Street's revenue forecasts four times.
Peers in the wireless, cable, and satellite segment have already reported their Q4 results. Comcast reported a 2.1% year-over-year revenue growth, while Sirius XM experienced a 4.3% revenue decline.
The wireless, cable, and satellite segment has seen positive investor sentiment, with share prices rising on average by 2.7% over the past month. Altice has outperformed its peers, increasing by 16.6%. Its average analyst price target of $2.69 remains above the current share price of $3.