Charter Communications (CHTR) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Charter Communications reported quarterly earnings of $8.82 per share, exceeding the Zacks Consensus Estimate of $8.55 per share, and showing an increase from $8.25 per share a year ago, indicating a positive earnings surprise of 3.16% [1] Financial Performance - The company posted revenues of $13.8 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.69% and showing growth from $13.58 billion year-over-year [2] - Over the last four quarters, Charter has exceeded consensus EPS estimates two times and topped revenue estimates twice [2] Stock Performance and Outlook - Charter shares have declined approximately 15.7% since the beginning of the year, contrasting with the S&P 500's gain of 19.6% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $8.43 on revenues of $13.77 billion, and for the current fiscal year, it is $32.51 on revenues of $54.83 billion [7] - The estimate revisions trend for Charter is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Cable Television industry, to which Charter belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]