Time Warner Cable
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Time Warner Cable met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, net margins increased.
Time Warner Cable logged revenue of $5.36 billion. The 26 analysts polled by S&P Capital IQ wanted to see revenue of $5.39 billion on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $4.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.41. The 18 earnings estimates compiled by S&P Capital IQ anticipated $1.42 per share. GAAP EPS of $2.60 for Q3 were 141% higher than the prior-year quarter's $1.08 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.4%, 10 basis points worse than the prior-year quarter. Operating margin was 21.0%, 20 basis points better than the prior-year quarter. Net margin was 15.1%, 790 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.49 billion. On the bottom line, the average EPS estimate is $1.61.
Next year's average estimate for revenue is $21.41 billion. The average EPS estimate is $5.72.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 188 members out of 226 rating the stock outperform, and 38 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Time Warner Cable a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Time Warner Cable is outperform, with an average price target of $99.23.
Can your retirement portfolio provide you with enough income to last? You'll need more than Time Warner Cable. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Time Warner Cable to My Watchlist.