Altice USA's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Altice USA (NYSE:ATUS) is expected to report an EPS of $0.07 in its upcoming quarterly earnings on February 14, 2024. Historical data shows variable stock price reactions to past earnings reports, with a notable 6.59% increase after last quarter's beat. However, shares have declined 54.26% over the last year, indicating bearish sentiment among long-term shareholders. Investors will be keenly watching for both the earnings outcome and forward guidance.
February 13, 2024 | 2:01 pm
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Altice USA is anticipated to report a Q4 EPS of $0.07, with historical performance showing significant stock price movements post-earnings. The stock has seen a 54.26% decline over the past year, indicating bearish sentiment.
Given Altice USA's mixed historical earnings performance and the significant decline in stock price over the past year, the upcoming earnings report could be a pivotal moment. However, the exact impact on the stock price will depend on whether the company meets or exceeds the EPS expectations and provides positive forward guidance. The historical data suggests that the stock is responsive to earnings reports, but the overall bearish sentiment may temper any positive reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100