Cable One Q4 EPS $19.39 Beats $11.18 Estimate, Sales $411.81M Miss $418.58M Estimate
Portfolio Pulse from Happy Mohamed
Cable One (NYSE:CABO) reported Q4 earnings of $19.39 per share, surpassing the $11.18 estimate by 73.43%, a 116.89% increase from last year. However, their sales of $411.81M fell short of the $418.58M estimate by 1.62%, marking a 3.22% decrease from the previous year.
February 22, 2024 | 9:18 pm
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POSITIVE IMPACT
Cable One reported a significant earnings beat but missed on sales estimates for Q4.
The substantial beat on earnings per share (EPS) is likely to positively influence investor sentiment and potentially drive the stock price up in the short term. However, the miss on sales estimates could temper some of the enthusiasm, making the overall impact positive but with caution.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100