Charter Communications: Implied upside of 80% Some investors believe this pause could be a sign the rally is on its last legs, but others on Wall Street are unconcerned. Among the bulls is XM Investment analyst Marios Hadjikyriacos. "Stock markets are enjoying the best of all worlds, buoyed by a resilient U.S. economy and speculation that Fed rate cuts are just around the corner, helping to justify stretched valuations," he wrote. The index has been on a breathtaking run, but some S&P 500 stocks still have ...

Charter Communications, Inc. (NASDAQ:CHTR) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Stefan Anninger - Vice President of Investor Relations Chris Winfrey - President and Chief Executive Officer Jessica Fischer - Chief Financial Officer Conference Call Participants Craig Moffett - MoffettNathanson Sebastiano Petti - JP Morgan Jonathan Chaplin - New Street Benjamin Swinburne - Morgan Stanley Jessica Ehrlich - Bank of America Securities Peter Cipino - Wolfe Research Operato ...

The broadband provider topped estimates in its second quarter. Shares of Charter Communications (CHTR 17.38%) were soaring after the nation's No. 2 cable company and owner of the Spectrum brand posted better-than-expected results in its second-quarter earnings report, even as it continues to lose broadband subscribers. As a result, the stock was up 16.5% as of 10:46 a.m. ET. Charter manages a challenging market Charter said that total internet customers, which include both residential and business customers ...

Free cash flow totaled $1.29 billion, which increased significantly from $668 million reported in the second quarter of 2023. The year-over-year increase in free cash flow was primarily due to higher adjusted EBITDA, a more favorable change in working capital and lower cash taxes due to timing. Sales and marketing expenses increased $17 million, or 1.9%, year over year, primarily due to higher marketing costs. As of Jun 30, 2024, total principal amount of debt was $96.5 billion and Charter's credit faciliti ...

Key Takeaways Mobile service demand helped boost earnings and revenue at Charter Communications. The company posted a 36.9% year-over-year increase in mobile service revenue, and internet service revenue also increased. Shares soared 17% soon after trading commenced Friday but remain lower on the year. Charter Communications (CHTR) shares soared Friday after the cable, phone, and internet provider posted better-than-expected results on higher demand for its mobile service. Charter reported second-quarter ea ...

The reported revenue compares to the Zacks Consensus Estimate of $13.62 billion, representing a surprise of +0.49%. The company delivered an EPS surprise of +12.45%, with the consensus EPS estimate being $7.55. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. View all Key Company Metrics for Charter here>>> For the quarter ended June ...

Charter Communications (CHTR) came out with quarterly earnings of $8.49 per share, beating the Zacks Consensus Estimate of $7.55 per share. This compares to earnings of $8.05 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's comment ...

Second Quarter 2024 Results July 26, 2024 • our ability to sustain and grow revenues and cash flow from operations by offering Internet, video, voice, mobile, advertising and other services to residential and commercial customers, to adequately meet the customer experience demands in our service areas and to maintain and grow our customer base, particularly in the face of increasingly aggressive competition, the need for innovation and the related capital expenditures; • our ability to obtain programming at ...

Item 5. Other Information. The Agreement, which is effective as of July 26, 2024, has a term ending July 26, 2026 (or upon an earlier termination of employment) and provides that Mr. Howard will continue to serve as Executive Vice President, Chief Accounting Officer and Controller. The Agreement provides that Mr. Howard will receive an annual base salary of at least $625,000 and a target annual cash bonus opportunity of 85% of his annual base salary. Mr. Howard will also continue to participate in Charter's ...

Charter Announces Second Quarter 2024 Results • Second quarter total residential and small and medium business ("SMB") Internet customers decreased by 149,000. As of June 30, 2024, Charter served a total of 30.4 million residential and SMB Internet customers. • As of June 30, 2024, Charter had a total of 31.8 million residential and SMB customer relationships, excluding mobile-only relationships. 1 • Second quarter Adjusted EBITDA of $5.7 billion grew by 2.6% year-over-year. 1 • Second quarter free cash flo ...