Cable One (CABO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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].