Cable One Second Quarter 2024 Earnings: Misses Expectations

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.

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