Compared to Estimates, Altice USA (ATUS) Q3 Earnings: A Look at Key Metrics

Altice USA, Inc. (ATUS) reported $2.23 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of -$0.09 for the same period compares to $0.15 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.24 billion, representing a surprise of -0.54%. The company delivered an EPS surprise of -550.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Altice USA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Customer Relationships - Residential Unique Customer Relationships: 4.47 million versus 4.25 million estimated by three analysts on average. Customer Relationships - SMB Unique Customer Relationships: 380.9 thousand versus the three-analyst average estimate of 379.64 thousand. Total Residential Customers/ Residential PSUs - Pay TV / Video Subscribers: 2.38 million compared to the 1.96 million average estimate based on three analysts. Total Residential Customers/ Residential PSUs - Broadband Subscribers: 4.26 million compared to the 4.06 million average estimate based on three analysts. Revenue- Residential revenue- Video: $715.12 million versus $732.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.8% change. Revenue- Residential revenue- Broadband: $913.42 million compared to the $908.44 million average estimate based on four analysts. The reported number represents a change of -5% year over year. Revenue- Residential revenue- Telephony: $69.88 million compared to the $66.47 million average estimate based on four analysts. The reported number represents a change of -5.1% year over year. Revenue- Residential revenue: $1.73 billion versus $1.74 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.6% change. Revenue- News and Advertising: $117.68 million versus $121.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.5% change. Revenue- Other: $14.69 million versus the four-analyst average estimate of $11.80 million. The reported number represents a year-over-year change of +29.6%. Revenue- Residential revenue- Mobile: $30.56 million versus the four-analyst average estimate of $28.95 million. The reported number represents a year-over-year change of +50.4%. Revenue- Business services and wholesale: $366.36 million compared to the $367.79 million average estimate based on four analysts. The reported number represents a change of -0.1% year over year. View all Key Company Metrics for Altice USA here>>>Shares of Altice USA have returned +9.5% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Altice USA, Inc. (ATUS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks