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Cable ONE (CABO) Tops Q1 Earnings and Revenue Estimates
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Cable ONE Inc. (CABO - Free Report) is a small-sized cable MSO (multi service operator) in the U.S. The company provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. Cable ONE caters to almost 700,000 customers across 19 states.
Cable ONE made major changes in its channels and their availability to customers. New line ups were implemented to make news, sports and other channels easily accessible to viewers. However, the company’s failure to sign a retransmission consent deal with Northwest Broadcasting took the latter’s channels off from its portfolio. Moreover, being a cable TV company, Cable ONE competes in an intensely competitive cable MSO market in the U.S.
Zacks Rank: Cable ONE currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The company has generated a positive average earnings surprise of 4.73% in the previous four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cable ONE surpassed Q1 2017 earnings estimate. Our consensus earnings estimate called for an EPS of $5.62 and the company reported adjusted EPS of $5.80. Investors should note that these figures take out stock option expenses.
Revenue: Cable ONE reported total revenue of $207.4 million surpassing our estimate by $0.6 million.
Key States to Note: At the end of the first quarter of 2017, Cable ONE had total customer base of 660,968, down 0.7% year over year. Residential customers were 608,515, down 1.4% year over year. Business customers were 52,453, up 8.5% year over year.
Check back later for our full write up on this Cable ONE earnings report later!
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Cable ONE (CABO) Tops Q1 Earnings and Revenue Estimates
Cable ONE Inc. (CABO - Free Report) is a small-sized cable MSO (multi service operator) in the U.S. The company provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. Cable ONE caters to almost 700,000 customers across 19 states.
Cable ONE made major changes in its channels and their availability to customers. New line ups were implemented to make news, sports and other channels easily accessible to viewers. However, the company’s failure to sign a retransmission consent deal with Northwest Broadcasting took the latter’s channels off from its portfolio. Moreover, being a cable TV company, Cable ONE competes in an intensely competitive cable MSO market in the U.S.
Zacks Rank: Cable ONE currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The company has generated a positive average earnings surprise of 4.73% in the previous four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cable ONE surpassed Q1 2017 earnings estimate. Our consensus earnings estimate called for an EPS of $5.62 and the company reported adjusted EPS of $5.80. Investors should note that these figures take out stock option expenses.
Revenue: Cable ONE reported total revenue of $207.4 million surpassing our estimate by $0.6 million.
Key States to Note: At the end of the first quarter of 2017, Cable ONE had total customer base of 660,968, down 0.7% year over year. Residential customers were 608,515, down 1.4% year over year. Business customers were 52,453, up 8.5% year over year.
Cable One, Inc. Price and EPS Surprise
Cable One, Inc. Price and EPS Surprise | Cable One, Inc. Quote
Check back later for our full write up on this Cable ONE earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>