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Cable ONE (CABO) Lags Q2 Earnings, Tops Revenue Estimates

Zacks

Cable ONE Inc. CABO 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 800,000 customers across 21 states.

The latest acquisition of NewWave Communications (a cable operator providing high-speed data, video and voice services) will create a leading high-speed data and cable company serving more than 1.2 million primary service units in 21 states, expanding Cable ONE’s footprint into additional non-metropolitan markets and non-urban areas like Arkansas, Illinois, Indiana, Louisiana, Mississippi, Missouri and Texas.

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 #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.


We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Cable ONE misses Q2 2017 earnings estimate. Our consensus earnings estimate called for an EPS of $5.10 and the company reported an EPS of $5.03. Investors should note that these figures take out stock option expenses.

Revenue: Cable ONE reported total revenue of $241.04 million, up 17.8% year-over-year and above the Zacks Consensus Estimate of $227.3 million.

Cable One, Inc. Price and EPS Surprise

Cable One, Inc. Price and EPS Surprise | Cable One, Inc. Quote

Key States to Note: At the end of the second quarter of 2017, Cable ONE had total customer base of 655,309, down 0.7% year over year. Residential customers were 601,883, down 1.4% year over year. Business customers were 53,426, up 7.6% year over year.

Check back later for our full write up on this Cable ONE earnings report later!

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