Core Insights - Liberty Broadband reported quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $2.51 per share, and down from $1.71 per share a year ago, representing an earnings surprise of -45.82% [1] - The company posted revenues of $246 million for the quarter ended June 2024, slightly surpassing the Zacks Consensus Estimate by 0.72%, and showing a marginal increase from $245 million year-over-year [2] - Liberty Broadband shares have declined approximately 20.5% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.60 on revenues of $238.63 million, and for the current fiscal year, it is $9.05 on revenues of $976.32 million [7] - The estimate revisions trend for Liberty Broadband is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Cable Television industry, to which Liberty Broadband belongs, is currently ranked in the top 43% of over 250 Zacks industries, suggesting that companies in the top half tend to outperform those in the bottom half by more than 2 to 1 [8]
Liberty Broadband (LBRDK) Q2 Earnings Lag Estimates