Altice USA, Inc. (NYSE:ATUS) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ATUS to report 3Q20 income of $ 0.24 per share.
For the full year, analysts anticipate top line of $ 9936.14 million, while looking forward to income of $ 0.71 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,934.00 million ~ $ 9,983.00 million
Click Here For More Historical Outlooks Of Altice USA, Inc.
Previous Quarter Performance
Altice USA, Inc. posted income for the second quarter of $ 0.19 per share, from the revenue of $ 2,475.00 million. The quarterly earnings grew 46.15 percent while revenues up 0.98 percent compared with the same quarter last year.
Wall street analysts are predicting, ATUS to report 2Q20 income of $ 0.15 per share from revenue of $ 2441.35 million. The bottom line results beat street analysts by $ 0.04 or 26.67 percent, at the same time, top line results outshined analysts by $ 33.65 million or 1.38 percent.
Stock Performance
Shares of Altice USA, Inc. traded low $ -0.79 or -2.94 percent on Wednesday, reaching $ 26.10 with volume of 5.59 million shares. Altice USA, Inc. has traded high as $ 26.66 and has cracked $ 25.94 on the downward trend
According to the previous trading day, closing price of $ 26.10, representing a 68.48 % increase from the 52 week low of $ 15.96 and a 15.39 % decrease over the 52 week high of $ 31.78.
The company has a market capital of $ 15.13 billion and is part of the Communication Services sector and Telecom Services industry.
Recent Analyst recommendations
- On 5th October 2020, upgraded by Bernstein to Outperform from Market Perform rating.
Conference Call
Altice USA, Inc. will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.alticeusa.com
Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
