Earnings Preview: Altice USA, Inc. (ATUS) Q2 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Altice USA, Inc. due to lower revenues, with a consensus EPS estimate of $0.08, reflecting a -52.9$2.25 billion, down 3.1% from the same quarter last year [2] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [2] Earnings Surprise Prediction - The Zacks Earnings ESP model shows a negative Earnings ESP of -21.05% for Altice USA, suggesting analysts have become bearish on the company's earnings prospects [4][6] - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, indicating a potential earnings miss [4][6] Historical Performance - In the last reported quarter, Altice USA was expected to post earnings of $0.01 per share but instead reported a loss of$0.05, resulting in a surprise of -600% [7] - Over the last four quarters, the company has beaten consensus EPS estimates two times [7] Comparative Industry Analysis - Arista Networks, a peer in the Zacks Communication - Components industry, is expected to report earnings of $1.94 per share, reflecting a year-over-year increase of +22.8% [9] - Arista Networks has a positive Earnings ESP of 1.72% and a Zacks Rank of 1, indicating a strong likelihood of beating consensus EPS estimates [9]