Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Investing

Charter Communications stock may crash after earnings

admin by admin
January 31, 2025
in Investing
0
Charter Communications stock may crash after earnings
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Charter Communications’ stock price remains under pressure as the cable industry faces major challenges amid cord-cutting. On Thursday, the CHTR stock closed at $336, down about 60% from its highest level in 2021. This decline has brought its market cap down to about $60 billion as the focus shifts to its quarterly earnings. 

Charter Communications earnings ahead

Charter stock price dropped after Comcast, one of its top competitors, reported soft financial results. Its numbers showed that the cord-cutting trend continued in the last quarter, sending a warning sign for Charter.

Comcast said that it had 12.5 million customers, down from 14.1 million in the same period a year earlier. This is a sign that the cord-cutting trajectory is not slowing. 

Its broadband business is also facing challenges, as customers continue to fall. As of December, it had 31.8 million customers, down from 32.25 million a year earlier. 

These numbers came ahead of Charter Communications’ financial results. The most recent numbers revealed that Charter’s revenues rose by 1.6% in the third quarter to $13.8 billion. Its cost cutting measures helped to boost its profits during the quarter. 

Adjusted EBITDA rose by 3.6% to $5.6 billion, while capital expenditures fell by 13.5% to $2.6 billion. The company’s revenue growth was mainly due to price adjustments, which helped offset its falling subscriber count. 

Charter, the parent company of Spectrum, ended the last quarter with 31.7 million customers, down by 32.2 million in Q3’23. 

The company’s business will likely continue facing challenges as people shift away from cable television. Analysts expect that its results will show that its revenue rose by 1.23% on a YoY basis to over $13.88 billion. The annual revenue will be $55 billion almost flat from a year earlier. 

Analysts believe that, barring major development, its revenue will drop by 0.49% to $54.76 billion in 2025. 

Therefore, most Charter investors, including Warren Buffett, hope that the company will continue reducing its share count over time. Its outstanding share count has dropped from almost 280 million in 2017 to 140 million today. These repurchases have, however, not boosted its earnings per share. 

The average Charter stock price forecast by analysts is $404, up from the current $261. The most bullish analysts are from Keybanc and BNP Paribas.

Charter Communications stock price analysis

Charter stock chart by TradingView

The weekly chart shows that the Charter share price has remained in a tight range in the past few months. It has formed a symmetrical triangle, which is nearing its confluence level. 

This triangle formed after the stock crashed from $825, which is part of a bearish pennant pattern. That could be a sign that it will have a strong bearish breakout, with the next level to watch being at $237, its lowest level in April 2024.

The post Charter Communications stock may crash after earnings appeared first on Invezz

Previous Post

Why Intel’s reliance on federal funding could hurt its future

Next Post

These 2 stocks reporting earnings next week often beat estimates

admin

admin

Next Post
These 2 stocks reporting earnings next week often beat estimates

These 2 stocks reporting earnings next week often beat estimates

Trending News

Lucid stock rally 30% today: here’s why Uber’s robotaxi bet could change the game

Lucid stock rally 30% today: here’s why Uber’s robotaxi bet could change the game

July 17, 2025
China proposes global AI body, pushes for Shanghai HQ amid US export controls

China proposes global AI body, pushes for Shanghai HQ amid US export controls

July 26, 2025
S&P 500 to continue grinding higher amid low Q3 earnings expectations: HSBC

S&P 500 to continue grinding higher amid low Q3 earnings expectations: HSBC

October 16, 2024
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.