For the quarter ended June 2024, Cable One (CABO) reported revenue of $394.46 million, down 7% over the same period last year. EPS came in at $8.16, compared to $10.43 in the year-ago quarter.
The reported revenue represents a surprise of -1.69% over the Zacks Consensus Estimate of $401.23 million. With the consensus EPS estimate being $10.36, the EPS surprise was -21.24%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cable One performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Residential Data
: $230.40 million versus $234.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.7% change.Revenues- Residential Video
: $57.18 million versus the two-analyst average estimate of $56.60 million. The reported number represents a year-over-year change of -13.6%.Revenues- Other
: $23.33 million versus $25.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.Revenues- Business services(Business data+Business other)
: $75.35 million versus $77.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.9% change.Revenues- Residential Voice
: $8.20 million compared to the $8.27 million average estimate based on two analysts. The reported number represents a change of -13.7% year over year.
Shares of Cable One have returned +18.2% over the past month versus the Zacks S&P 500 composite's +1.1% 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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