WideOpenWest (WOW) Reports Q3 Loss, Tops Revenue Estimates

Group 1: Earnings Performance - WideOpenWest reported a quarterly loss of $0.27 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.15, marking an earnings surprise of -80% [1] - The company posted revenues of $158 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.45$173.1 million year-over-year [2] - Over the last four quarters, WideOpenWest has only surpassed consensus EPS estimates once [2] Group 2: Stock Performance and Outlook - WideOpenWest shares have increased approximately 27.7% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.14 on revenues of$156.1 million, and -$0.61 on revenues of$633.7 million for the current fiscal year [7] - The Zacks Rank for WideOpenWest is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Cable Television industry, to which WideOpenWest belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]