American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Charter Communications stock may crash after earnings

by admin January 31, 2025
January 31, 2025
Charter Communications stock may crash after earnings

Charter Communications’ stock price remains under pressure as the cable industry faces major challenges amid cord-cutting. On Thursday, the CHTR stock closed at $336, down about 60% from its highest level in 2021. This decline has brought its market cap down to about $60 billion as the focus shifts to its quarterly earnings. 

Charter Communications earnings ahead

Charter stock price dropped after Comcast, one of its top competitors, reported soft financial results. Its numbers showed that the cord-cutting trend continued in the last quarter, sending a warning sign for Charter.

Comcast said that it had 12.5 million customers, down from 14.1 million in the same period a year earlier. This is a sign that the cord-cutting trajectory is not slowing. 

Its broadband business is also facing challenges, as customers continue to fall. As of December, it had 31.8 million customers, down from 32.25 million a year earlier. 

These numbers came ahead of Charter Communications’ financial results. The most recent numbers revealed that Charter’s revenues rose by 1.6% in the third quarter to $13.8 billion. Its cost cutting measures helped to boost its profits during the quarter. 

Adjusted EBITDA rose by 3.6% to $5.6 billion, while capital expenditures fell by 13.5% to $2.6 billion. The company’s revenue growth was mainly due to price adjustments, which helped offset its falling subscriber count. 

Charter, the parent company of Spectrum, ended the last quarter with 31.7 million customers, down by 32.2 million in Q3’23. 

The company’s business will likely continue facing challenges as people shift away from cable television. Analysts expect that its results will show that its revenue rose by 1.23% on a YoY basis to over $13.88 billion. The annual revenue will be $55 billion almost flat from a year earlier. 

Analysts believe that, barring major development, its revenue will drop by 0.49% to $54.76 billion in 2025. 

Therefore, most Charter investors, including Warren Buffett, hope that the company will continue reducing its share count over time. Its outstanding share count has dropped from almost 280 million in 2017 to 140 million today. These repurchases have, however, not boosted its earnings per share. 

The average Charter stock price forecast by analysts is $404, up from the current $261. The most bullish analysts are from Keybanc and BNP Paribas.

Charter Communications stock price analysis

Charter stock chart by TradingView

The weekly chart shows that the Charter share price has remained in a tight range in the past few months. It has formed a symmetrical triangle, which is nearing its confluence level. 

This triangle formed after the stock crashed from $825, which is part of a bearish pennant pattern. That could be a sign that it will have a strong bearish breakout, with the next level to watch being at $237, its lowest level in April 2024.

The post Charter Communications stock may crash after earnings appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
GBP/USD forecast ahead of BoE interest rate decision
next post
Crypto price predictions: Stellar, Alchemy Pay, Mantra, Jasmy

Related Posts

SNX to Follow up 1270 g/t Silver Intercept...

May 21, 2024

Airbus share price forecast: here’s why it’s ripe...

October 31, 2024

NVDY, NVDL ETFs analysis ahead of the NVIDIA...

February 24, 2025

Excellent Stope Performance as Mining Rates Ramping Up...

May 7, 2024

JEPQ vs JEPI: Are these boomer candy ETFs...

February 17, 2025

Lynette Zang: Crisis Ahead in 2024? Look to...

February 1, 2024

USD/BRL: Carry trade opportunity as Fed and BCB...

November 4, 2024

True North Copper Updates Vero Copper-Silver Resource

August 9, 2024

Top crypto price predictions: Mantra, Onyxcoin, and IOTA

April 17, 2025

Galloper Gold: At the Forefront of Newfoundland’s ‘Gold...

March 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,189)
    • Investing (2,528)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved