Altice USA Q3 Results: Too Much Competition And Concerns About Debt
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Altice USA's Q3 earnings report revealed a 3.9% revenue decline and a GAAP EPS loss of $-0.09, both missing estimates. The company's $25B debt and low free cash flow, coupled with declining metrics, raise concerns about its turnaround potential amid strong competition and cord-cutting trends.
November 06, 2024 | 7:30 pm
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Altice USA reported a 3.9% revenue decline and a GAAP EPS loss of $-0.09, missing estimates. The company's $25B debt and low free cash flow, along with declining metrics, raise concerns about its ability to turn around amid strong competition and cord-cutting trends.
The earnings miss, significant debt, and low free cash flow are negative indicators for Altice USA. The competitive environment and cord-cutting trends further challenge its turnaround efforts, likely impacting the stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100