Altice USA (NYSE:ATUS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$2.23b (down 3.9% from 3Q 2023).
- Net loss: US$43.0m (down by 164% from US$66.8m profit in 3Q 2023).
- US$0.093 loss per share (down from US$0.15 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Altice USA EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.6%.
Performance of the American Media industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Altice USA has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:ATUS
Altice USA
Provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands.
Undervalued with reasonable growth potential.
