Charter Communications Analysts Cut Their Forecasts After Weak Earnings

Benzinga04-29

Charter Communications Inc (NASDAQ:CHTR) reported worse-than-expected first-quarter results on Friday.

Charter Communications reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the consensus of $13.74 billion. EPS of $7.55 missed the consensus of $7.92. The stock price dropped after the results, according to data from Benzinga Pro.

Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease of 237,000 in the prior year.

As of March 31, 2024, Charter served 30.5 million residential and SMB Internet customers.

“Our differentiated converged connectivity products provide us with significant competitive advantages that position Charter for sustainable customer and financial growth,” said Chris Winfrey, President and CEO of Charter.

Charter Communications shares fell 1.7% to close at $254.61 on Friday.

These analysts made changes to their price targets on Charter Communications following earnings announcement.

B of A Securities cut the price target on Charter Communications from $315 to $300. B of A Securities analyst Jessica Ehrlich maintained a Neutral rating.
Rosenblatt slashed the price target on Charter Communications from $297 to $292. Rosenblatt analyst Barton Crockett maintained a Neutral rating.

Check This Out: This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2431886829?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-29 21:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2431886829","market":"hk","top_or_hot":-1,"title":"Charter Communications Analysts Cut Their Forecasts After Weak Earnings","media":"Benzinga","content":"<html><body><p><strong>Charter Communications Inc</strong> (NASDAQ:CHTR) reported worse-than-expected first-quarter results on Friday.</p>\n<p>Charter Communications reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the consensus of $13.74 billion. EPS of $7.55 missed the consensus of $7.92. The stock price dropped after the results, according to data from Benzinga Pro.</p>\n<p>Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease of 237,000 in the prior year.</p>\n<p>As of March 31, 2024, Charter served 30.5 million residential and SMB Internet customers.</p>\n<p>“Our differentiated converged connectivity products provide us with significant competitive advantages that position Charter for sustainable customer and financial growth,” said Chris Winfrey, President and CEO of Charter.</p>\n<p>Charter Communications shares fell 1.7% to close at $254.61 on Friday.</p>\n<p>These analysts made changes to their price targets on Charter Communications following earnings announcement.</p>\n<ul>\n<li><strong>B of A Securities</strong> cut the price target on Charter Communications from $315 to $300. B of A Securities analyst Jessica Ehrlich maintained a Neutral rating.</li>\n<li><strong>Rosenblatt</strong> slashed the price target on Charter Communications from $297 to $292. Rosenblatt analyst Barton Crockett maintained a Neutral rating.</li>\n</ul>\n<p>Check This Out: This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charter Communications Analysts Cut Their Forecasts After Weak Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharter Communications Analysts Cut Their Forecasts After Weak Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 21:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/24/04/38490408/charter-communications-analysts-cut-their-forecasts-after-weak-earnings><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Charter Communications Inc (NASDAQ:CHTR) reported worse-than-expected first-quarter results on Friday.\nCharter Communications reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/24/04/38490408/charter-communications-analysts-cut-their-forecasts-after-weak-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHTR","symbol_name":"特许通讯","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/04/38490408/charter-communications-analysts-cut-their-forecasts-after-weak-earnings","article_id":"2431886829","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431886829","pubTimestamp":1714397140,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CHTR":"特许通讯"},"translate_title":"Charter Communications分析师在收益疲软后下调了预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHTR":1},"content_text":"Charter Communications Inc (NASDAQ:CHTR) reported worse-than-expected first-quarter results on Friday.\nCharter Communications reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the consensus of $13.74 billion. EPS of $7.55 missed the consensus of $7.92. The stock price dropped after the results, according to data from Benzinga Pro.\nCharter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease of 237,000 in the prior year.\nAs of March 31, 2024, Charter served 30.5 million residential and SMB Internet customers.\n“Our differentiated converged connectivity products provide us with significant competitive advantages that position Charter for sustainable customer and financial growth,” said Chris Winfrey, President and CEO of Charter.\nCharter Communications shares fell 1.7% to close at $254.61 on Friday.\nThese analysts made changes to their price targets on Charter Communications following earnings announcement.\n\nB of A Securities cut the price target on Charter Communications from $315 to $300. B of A Securities analyst Jessica Ehrlich maintained a Neutral rating.\nRosenblatt slashed the price target on Charter Communications from $297 to $292. Rosenblatt analyst Barton Crockett maintained a Neutral rating.\n\nCheck This Out: This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431886829"}