Markets

Charter Communications (CHTR) Suffers Loss in Q4

Leading U.S cable TV operator, Charter Communications Inc.CHTR , primarily offers three services - video, high-speed data and voice over its broadband cable systems to both residential and business customers.

Charter Communications has been aggressively targeting the rapidly developing business services division. Notably, last quarter the company's commercial revenues totaled $286 million, up 13.2% year over year. We believe increased investments in this space should further boost the company's top line in the to-be-reported quarter.

Also, the impending Time Warner Cable and Bright House deals are a huge plus and are likely to benefit Charter Communications by way of geographic expansion and operating cost synergies, which in turn should boost its bottom line and free cash flow.

However, a saturated multi-channel U.S. video market and competition from low-cost online video streaming service providers might weigh on the fourth quarter's performance.

Charter Communications currently carries a Zacks Rank #3 (Hold). The company has generated a negative average earnings surprise of 294.91% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings : Charter Communications incurred a loss of $1.09 per share in the fourth quarter of 2015, significantly wider than the Zacks Consensus Estimate of a loss of 12 cents per share.

Revenue : Charter Communications generated total revenue of $2,512 million slightly below the Zacks Consensus Estimate of $2,519 million.

Key Stats to Note : During the fourth quarter of 2015, residential high-speed Internet subscribers rose by 115,000 to 5.227 million. Voice subscribers grew 47,000 to 2.598 million. Importantly, video subscribers increased by 29,000 to 4.322 million.

Check back later for our full write up on this Charter Communications earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CHARTER COMM-A (CHTR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CHTR

Other Topics

Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More