Optimum Communications earnings: what to look for from OPTU

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

OPTU Cover Image

Telecommunications and cable services provider Optimum Communications (NYSE: OPTU) will be announcing earnings results this Friday before market open. Here’s what to look for.

Optimum Communications missed analysts’ revenue expectations last quarter, reporting revenues of $2.02 billion, down 5.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and EBITDA in line with analysts’ estimates. It reported 3.71 million broadband subscribers, down 5.4% year on year.

Is Optimum Communications a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Optimum Communications’s revenue to decline 5.5% year on year, in line with the 5.4% decrease it recorded in the same quarter last year.

Optimum Communications total revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Optimum Communications has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Optimum Communications’s peers in the consumer discretionary - wireless, cable and satellite segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AT&T delivered year-on-year revenue growth of 5.3%, beating analysts’ expectations by 2.1%, and Comcast reported flat revenue, in line with consensus estimates. AT&T traded down 2.9% following the results while Comcast was up 2.8%.

Read our full analysis of AT&T’s results here and Comcast’s results here.

There has been positive sentiment among investors in the consumer discretionary - wireless, cable and satellite segment, with share prices up 8% on average over the last month. Optimum Communications is down 29.2% during the same time and is heading into earnings with an average analyst price target of $1.05 (compared to the current share price of $0.68).

ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.

These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  260.13
-5.89 (-2.22%)
AAPL  344.46
-5.05 (-1.44%)
AMD  429.65
-59.12 (-12.10%)
BAC  50.25
-1.38 (-2.67%)
GOOG  283.27
-4.03 (-1.40%)
META  604.70
-25.30 (-4.02%)
MSFT  543.30
-12.50 (-2.25%)
NVDA  182.82
-17.31 (-8.65%)
ORCL  114.77
-8.96 (-7.24%)
TSLA  340.73
-44.46 (-11.54%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.