Wall Street analysts forecast that Cable One (CABO) will report quarterly earnings of $9.91 per share in its upcoming release, pointing to a year-over-year decline of 7%. It is anticipated that revenues will amount to $390.46 million, exhibiting a decline of 5.2% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cable One (CABO) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 27. O ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find s ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2024 were $393.6 million, down from $420.3 million in Q3 2023, primarily due to lower residential data ARPU and continued attrition in lower-margin products [32] - Residential data revenues decreased by $17.1 million or 6.9% year-over-year, driven by a 7.1% decrease in ARPU [33] - Net income for Q3 2024 was $44.2 million compared to $30.3 million in Q3 2023, while adjusted EBITDA was $213.6 million or 54.3% of revenues [37] Business Line Data and Key Metrics Changes - Business data revenues grew by $1.6 million or 2.9% year-over-year, with business data PSUs increasing by 1,100 over the past 12 months [34] - Residential high-speed data (HSD) subscribers were essentially flat, with a decrease of 3,400 customers sequentially, impacted by the discontinuation of the Affordable Connectivity Program (ACP) [11][12] Market Data and Key Metrics Changes - The company observed a significant increase in new customer selection of speed tiers of 600 Mbps or higher, which rose by 900 basis points year-over-year, reaching an all-time high of 62% [15] - 25% of customers exceeded 1 terabyte of usage per month, up from 21% last year, indicating rising data demand [20] Company Strategy and Development Direction - The company is focused on long-term broadband growth, with confidence in its ability to grow broadband revenue through new go-to-market tactics and product offerings [8][10] - A new billing system is set to streamline operations and enhance brand presence, consolidating multiple brands under the Sparklight name [24][25] - The company is investing in advanced technologies, including AI and intelligent Wi-Fi, to enhance customer experience and operational efficiency [21][22][27] Management's Comments on Operating Environment and Future Outlook - Management noted that competition is stabilizing, with more rational pricing observed among competitors, which is expected to support future growth [16][72] - The company anticipates that the accelerated churn due to the end of the ACP program is behind them, viewing any further churn as part of the normal customer lifecycle [13] - Management expressed optimism about the future, emphasizing the importance of their strong network and dedicated team in executing their growth strategy [46] Other Important Information - The company distributed $17 million in dividends to shareholders and repaid $54.6 million of debt during Q3 2024 [41] - The weighted average cost of debt for Q3 2024 was 4.16%, with a net leverage ratio of 3.85x [43] Q&A Session Summary Question: Impact of billing system on pricing and customer base - Management clarified that the billing system transition did not affect customer numbers but limited pricing changes for 20% of the customer base [49][50] Question: Pay-as-you-go pilot program and its impact on ARPU - Management indicated that the pay-as-you-go program is not dilutive to ARPU, with the average ARPU from participants being higher than the entry-level price [52][53] Question: Company's position as a consolidator in the industry - Management believes the company is well-positioned as a natural aggregator in rural markets, but future strategic direction remains uncertain due to rapid industry changes [55] Question: Wireless competition and potential product offerings - Management is evaluating the wireless market and remains open to bundling products that add value to customers, while being cautious about entering the mobile space [58][60] Question: Fiber overlap and competitive dynamics - Management confirmed that fiber overlap remains below 40% and noted positive growth in competitive markets despite increased competition [68][72] Question: Future pricing power and ARPU growth - Management sees potential for pricing adjustments in certain customer segments and acknowledges the need for careful evaluation of unit economics [82][84]

Core Viewpoint - Cable One reported a decline in revenue and earnings for the quarter ended September 2024, indicating potential challenges in its financial performance [1]. Financial Performance Summary - Revenue for the quarter was $393.56 million, down 6.4% year-over-year, and EPS was $7.92, compared to $10.78 in the same quarter last year [1]. - The reported revenue exceeded the Zacks Consensus Estimate of $390.78 million by 0.71%, while the EPS fell short of the consensus estimate of $9.93 by 20.24% [1]. Revenue Breakdown - Residential Video revenue was $53.65 million, slightly above the average estimate of $53.58 million, but down 13.9% year-over-year [3]. - Residential Data revenue reached $230.36 million, slightly above the estimate of $229.34 million, reflecting a 6.9% decline year-over-year [3]. - Other revenues totaled $26.56 million, exceeding the estimate of $24.61 million, with a year-over-year increase of 2.2% [3]. - Business services revenue was $75.22 million, slightly below the estimate of $75.42 million, showing a 0.5% decline year-over-year [3]. - Residential Voice revenue was $7.77 million, below the estimate of $7.84 million, marking a 14.5% decrease year-over-year [3]. Stock Performance - Cable One shares have increased by 30.5% over the past month, significantly outperforming the Zacks S&P 500 composite, which rose by 3.2% [4]. - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4].

Cable One (CABO) came out with quarterly earnings of $7.92 per share, missing the Zacks Consensus Estimate of $9.93 per share. This compares to earnings of $10.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20.24%. A quarter ago, it was expected that this telecommunications company would post earnings of $10.36 per share when it actually produced earnings of $8.16, delivering a surprise of -21.24%. Over the last four qua ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-36863 ___________________ Cable One, Inc. (Exact name of registrant as specified in its chart ...

Exhibit 99.1 Cable One Reports Third Quarter 2024 Results November 7, 2024 – PHOENIX – (BUSINESS WIRE) – Cable One, Inc. (NYSE: CABO) (the "Company" or "Cable One") today reported financial and operating results for the quarter ended September 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|------------------|---------|----------------------------------|-------------|-------------------------------------|--------------------------- ...

Wall Street analysts expect Cable One (CABO) to post quarterly earnings of $9.93 per share in its upcoming report, which indicates a year-over-year decline of 7.9%. Revenues are expected to be $390.78 million, down 7% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings an ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they bel ...