* Cable One Inc reported quarterly adjusted earnings of $9.10 per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $9.36. The mean expectation of six analysts for the quarter was for earnings of $9.36 per share. Wall Street expected results to range from $8.67 to $10.27 per share.
* Revenue fell 7% to $394.46 million from a year ago; analysts expected $399.83 million.
* Cable One Inc's reported EPS for the quarter was $8.16.
* The company reported quarterly net income of $47.65 million.
* Cable One Inc shares had risen by 16.8% this quarter and lost 25.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 6.5% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the integrated telecommunications services peer group is also "hold"
Wall Street's median 12-month price target for Cable One Inc is $465.50 This summary was machine generated from LSEG data August 2 at 12:42 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 9.36 9.10 Missed
Jan. 1 0001 10.24 8.11 Missed
Dec. 31 2023 11.18 19.39 Beat
Sep. 30 2023 11.86 6.55 Missed
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