Cable One(CABO)

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Ahead of Cable One (CABO) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-02-19 15:20
The upcoming report from Cable One (CABO) is expected to reveal quarterly earnings of $12.86 per share, indicating an increase of 43.9% compared to the year-ago period. Analysts forecast revenues of $417.66 million, representing a decrease of 1.9% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it ...
Cable One (CABO) Earnings Expected to Grow: Should You Buy?
Zacks Investment Research· 2024-02-15 16:06
Cable One (CABO) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 22, 2024, might help the stock move higher if these key numbers are better than ...
Cable One to Host Conference Call to Discuss Fourth Quarter and Full Year 2023 Results
Businesswire· 2024-02-08 21:30
PHOENIX--(BUSINESS WIRE)--Cable One, Inc. (NYSE: CABO) will host a conference call with the financial community to discuss results for the fourth quarter and full year 2023 on Thursday, February 22, 2024, at 5 p.m. Eastern Time (ET). Cable One will issue a press release reporting its results after market close on Thursday, February 22, 2024. The conference call will be available via a live audio webcast on the Cable One Investor Relations website at ir.cableone.net or by dialing 1-888-800-3155 (Internation ...
4 Stocks to Watch From a Challenging Cable Television Industry
Zacks Investment Research· 2024-01-23 15:11
The Zacks Cable Television industry is witnessing a rise in cord-cutting on pay-TV options, including cable TV and satellite TV, due to intensifying competition from over-the-top service providers’ innovative content offerings. Focus on providing bundled offerings and on-demand programming content that cater to changing consumer behavior bodes well for streaming players.Despite stiff competition, Cable Television industry players are benefiting from consistent demand for high-speed broadband. Strong demand ...
Cable One(CABO) - 2023 Q3 - Earnings Call Transcript
2023-11-05 05:51
Cable One, Inc. (NYSE:CABO) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Jordan Morkert - VP, IR Julia Laulis - Chairwoman, President & CEO Todd Koetje - CFO Conference Call Participants Brandon Nispel - KeyBanc Capital Markets Nikhil Aluru - JPMorgan Chase & Co. Gregory Williams - TD Cowen Steven Cahall - Wells Fargo Securities Craig Moffett - MoffettNathanson Frank Louthan - Raymond James & Associates Operator Thank you for standing by. My name is Eric, and I will be y ...
Cable One(CABO) - 2023 Q3 - Quarterly Report
2023-11-02 16:00
(2) Not applicable. 42 31.1 Principal Executive Officer Certification required by Rules 13a-14 and 15d-14 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* 101.SCH Inline XBRL Taxonomy Extension Schema Document.* 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document.* 43 Cable One, Inc. (Registrant) Date: November 2, 2023 Income tax provision was $63.9 million and $86.2 million for the nine months ended September 30, 2023 and 2022, respectively, and our effective tax rat ...
Cable One(CABO) - 2023 Q2 - Earnings Call Transcript
2023-08-06 10:14
Cable One, Inc. (NYSE:CABO) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Jordan Morkert - Investor Relations Julie Laulis - President and Chief Executive Officer Todd Koetje - Chief Financial Officer Conference Call Participants Phil Cusick - JPMorgan Frank Louthan - Raymond James Greg Williams - TD Cowen Craig Moffett - MoffettNathanson Steven Cahall - Wells Fargo Brandon Nispel - KeyBanc Capital Markets Operator Good afternoon ladies and gentlemen. Thank you for standing ...
Cable One(CABO) - 2023 Q2 - Quarterly Report
2023-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 or Commission File Number:001-36863 ___________________ 210 E. Earll Drive, Phoenix, Arizona 85012 (Address of Principal Executive Of ices) (Zip Code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been s ...
Cable One(CABO) - 2023 Q1 - Earnings Call Transcript
2023-05-07 08:54
Financial Data and Key Metrics Changes - Total revenues for Q1 2023 were $421.9 million, a decrease of 1.1% from $426.7 million in Q1 2022, primarily due to declines in low-margin residential video and voice revenues [36] - Adjusted EBITDA was $228.8 million for Q1 2023, an increase of 1% compared to Q1 2022, with an adjusted EBITDA margin of 54.2%, reflecting a 110 basis point improvement [39] - Capital expenditures totaled $96.1 million for Q1 2023, equating to 42% of adjusted EBITDA, compared to $99.4 million or 43.9% in the prior year quarter [6] Business Line Data and Key Metrics Changes - Residential broadband revenue grew by 5.5% year-over-year, with an increase in both customers and ARPU [21] - Business services revenue grew by 2.9% on an adjusted basis, driven by stronger growth in SMB and enterprise broadband offerings [22] - Residential broadband ARPU increased by 4.5% year-over-year, with significant demand for higher speed tiers [24] Market Data and Key Metrics Changes - The company reported a decrease in new customer starts due to a slow pace of home move activity, although churn rates remained low, indicating strong customer retention [23] - Approximately 21% of residential customers now exceed a terabyte of usage each month, reflecting a 20% increase from the previous year [28] - Average network utilization during peak hours improved, with downstream and upstream utilization decreasing from 23% to 21% [28] Company Strategy and Development Direction - The company continues to focus on managing its balance sheet to support long-term investments while navigating a challenging economic environment [8] - Ongoing investments in advanced broadband networks and high-return projects are prioritized to extend networks to underserved areas [6] - The company is exploring new product offerings and pricing strategies to enhance customer value and defend market share against competition [53] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of economic conditions on customer growth but remains optimistic about the company's ability to grow broadband adds throughout the year [90] - The company is committed to investing in network upgrades and enhancing service offerings to meet increasing data demands [25] - Management noted that while competition from mobile fixed wireless exists, it does not significantly impact the existing customer base [26] Other Important Information - The company successfully completed a financing transaction that extended maturities and provided strategic flexibility, with the next scheduled maturity date in 2026 [11] - The company received recognition for its workplace culture, being ranked by Forbes and Newsweek for its inclusive environment [33] Q&A Session Summary Question: How do you think about seasonal impacts and the effect of slowing housing growth? - Management noted that while economic indicators suggest challenges, customer demand for higher speed tiers remains strong, and they expect to follow typical seasonality cycles [15] Question: Can you discuss M&A activity in the current market? - Management indicated that it is too soon to assess M&A activity due to changing market conditions and rising interest rates, but they continue to be a preferred aggregator for smaller businesses [14][2] Question: What is the company's strategy regarding pricing and promotions? - Management stated that promotions were not significantly heavier and emphasized a focus on higher-end product offerings while testing various strategies [40] Question: What is the company's exposure to the ACP program? - Management indicated that less than 30,000 customers are dependent on the ACP program, suggesting limited exposure if it is not reauthorized [68] Question: What are the plans for wireless offerings in the future? - Management emphasized that their current focus is on growing market share in existing areas and that wireless offerings will be considered based on customer demand and profitability [64]
Cable One(CABO) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
Table of Contents See accompanying notes to the condensed consolidated financial statements. CABLE ONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------|-------|--------------|--------------|------------------| | (in thousands) | | Three \n2023 | Months March | Ended 31, \n2022 | | Cash flows from operating activities: | | | | | | Net income | $ | 57,426 ...