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Charter Communications: What to Expect from Its Q3 Earnings

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Oct. 23 2018, Published 12:30 p.m. ET

Charter’s third-quarter earnings

Charter Communications (CHTR) is scheduled to report its third-quarter results on October 26. In this part, we’ll discuss analysts’ expectations for Charter’s performance during the quarter. Wall Street analysts expect Charter’s EPS to reach $1.08 in the third quarter—compared to its EPS of $0.19 in the third quarter of 2017.

In the second quarter, Charter’s EPS rose ~121.2% YoY (year-over-year) to $1.15. The company’s earnings beat Wall Street analysts’ consensus estimate by ~15.0% in the second quarter. The company’s net income grew significantly and reached $273 million in the second quarter—compared to $139 million in the second quarter of 2017.

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Peers’ EPS

In comparison, Comcast’s (CMCSA) adjusted EPS is expected to increase ~17.3% YoY to $0.61 in the third quarter. Dish Network’s (DISH) EPS is expected to increase ~17.5% YoY to $0.67.

In the integrated US telecom space, Verizon’s (VZ) adjusted EPS is expected to increase ~21.4% YoY to $1.19 in the third quarter. AT&T’s (T) adjusted EPS is expected to grow ~27.0% YoY to $0.94.

Next, we’ll discuss how much total revenue growth investors can expect from Charter in the third quarter.

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