Charter Communications Analysts Cut Their Forecasts After Weak Earnings
Portfolio Pulse from Avi Kapoor
Charter Communications Inc (NASDAQ:CHTR) reported Q1 2024 earnings with revenue of $13.68 billion and EPS of $7.55, both missing consensus estimates. The company saw a decline in residential Internet and video customers, leading to a 1.7% drop in stock price. B of A Securities and Rosenblatt adjusted their price targets on CHTR following the earnings announcement.
April 29, 2024 | 1:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Charter Communications reported disappointing Q1 2024 results, missing revenue and EPS estimates, leading to a stock price decline and adjusted analyst price targets.
The missed earnings and revenue forecasts, along with the loss of residential Internet and video customers, directly impact investor sentiment and Charter's market valuation. The subsequent adjustments in price targets by analysts further underscore the negative outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100