Cable, internet, and telephone services provider Charter (NASDAQ: CHTR) will be reporting results tomorrow before the bell. Here’s what to expect.
Charter met analysts’ revenue expectations last quarter, reporting revenues of $13.93 billion, up 1.6% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EPS estimates. It reported 30.08 million internet subscribers, down 1.7% year on year.
Is Charter a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Charter’s revenue to be flat year on year at $13.68 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $8.61 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Charter has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Charter’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. AT&T delivered year-on-year revenue growth of 2%, beating analysts’ expectations by 1%, and Verizon reported revenues up 1.5%, in line with consensus estimates. Verizon’s stock price was unchanged following the results.
Read our full analysis of AT&T’s results here and Verizon’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 10.3% on average over the last month. Charter is down 12.3% during the same time and is heading into earnings with an average analyst price target of $400.53 (compared to the current share price of $337.44).
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