Cable One (NYSE:CABO) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$394.5m (down 7.0% from 2Q 2023).
- Net income: US$38.2m (down 14% from 2Q 2023).
- Profit margin: 9.7% (in line with 2Q 2023).
- EPS: US$6.79 (down from US$7.81 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cable One Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 9.7%.
Looking ahead, revenue is expected to decline by 2.2% 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 share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Cable One has 3 warning signs (and 2 which are a bit concerning) we think you should know about.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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:CABO
Good value with proven track record.
