Bear Of The Day: Charter Communications (CHTR)

Core Viewpoint - Charter Communications (CHTR) is currently rated as a Zacks Rank 5 (Strong Sell) due to a recent earnings miss against the Zacks Consensus Estimate [1] Company Overview - Charter Communications, Inc. provides broadband communications services, including Spectrum TV, Spectrum Internet, and Spectrum Voice. The company also offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Its advertising division, Spectrum Reach, allows businesses to advertise on cable television networks and advanced advertising platforms. The company was founded in 1993 and is headquartered in Stamford, CT [2] Earnings History - Charter Communications has beaten the Zacks Consensus Estimate in only one of the last four quarters. The most recent quarter reported an EPS of $8.34, while the consensus was $9.32 [4] Earnings Estimates - Recent earnings estimates for Charter Communications have shown a downward trend. The current fiscal year consensus has slightly improved from $36.73 to $36.75 over the last 60 days, while the next fiscal year's estimate has decreased from $43.16 to $43.00 during the same period. This negative movement in earnings estimates contributes to the stock's Zacks Rank of 5 (Strong Sell) [5] Market Context - Many stocks within the Zacks universe are experiencing negative earnings estimate revisions, leading to a broader trend where stocks with small negative revisions are also falling to a Zacks Rank 5 (Strong Sell) [6]