Charter Communications, Inc. (NASDAQ:CHTR) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 3.03 per share.
Looking ahead, the full year income are expected at $ 12.79 per share on the revenues of $ 47897.70 million.
Previous Quarter Performance
Charter Communications, Inc. communicated income for the second quarter of $ 3.63 per share, from the revenue of $ 11,696.00 million. The quarterly earnings 161.15 percent while revenues increased 3.08 percent compared with the same quarter last year.
Wall street analysts are predicting, CHTR to report 2Q20 income of $ 2.46 per share from revenue of $ 11596.30 million. The bottom line results beat street analysts by $ 1.17 or 47.56 percent, at the same time, top line results outshined analysts by $ 99.70 million or 0.86 percent.
Stock Performance
Shares of Charter Communications, Inc. traded up $ 3.42 or 0.60 percent on Thursday, reaching $ 576.00 with volume of 1.42 million shares. Charter Communications, Inc. has traded high as $ 582.73 and has cracked $ 573.10 on the downward trend
According to the previous trading day, closing price of $ 576.00, representing a 65.64 % increase from the 52 week low of $ 345.67 and a 13.73 % decrease over the 52 week high of $ 663.70.
The company has a market capital of $ 118.02 billion and is part of the Communication Services sector and Pay TV industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 724.00 target price.
Conference Call
Charter Communications, Inc. will be hosting a conference call at 8:30 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spectrum.com
Charter Communications, Inc., through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products. The company also provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which permits customers to lease high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; Spectrum WiFi; parental control features; and residential Internet services.
