The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Charter Communications met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share grew. GAAP loss per share contracted.
Gross margins dropped, operating margins contracted, net margins grew.
Charter Communications tallied revenue of $1.91 billion. The nine analysts polled by S&P Capital IQ anticipated revenue of $1.91 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.59. The 13 earnings estimates compiled by S&P Capital IQ anticipated -$0.18 per share. Non-GAAP EPS were -$0.59 for Q4 versus -$0.46 per share for the prior-year quarter. GAAP EPS were -$0.41 for Q4 against -$0.64 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.5%, much worse than the prior-year quarter. Operating margin was 10.8%, 360 basis points worse than the prior-year quarter. Net margin was -2.1%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.90 billion. On the bottom line, the average EPS estimate is -$0.21.
Next year's average estimate for revenue is $7.82 billion. The average EPS estimate is $0.02.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Charter Communications is outperform, with an average price target of $82.44.
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