How has CHTR's earnings performance evolved in 2024?
3/29/2025 02:31pm
Charter Communications (CHTR) has shown a mixed earnings performance in 2024, with some positive developments and challenges.
1. **Earnings Release Schedule**: CHTR's earnings reports for 2024 have been released on various dates, with the most recent being November 1, 2024.
2. **Earnings Performance**:
- The company's earnings per share (EPS) for the most recent quarter was $9.29, which is the figure analysts are currently using to evaluate CHTR's performance.
- CHTR's EPS is expected to increase year-over-year, with an estimated EPS of $32.51 for 2024, representing an 8.4% increase from the previous year.
- For 2025, the EPS is forecasted to grow further to $33.95, reflecting a 4.4% increase from 2024.
3. **Challenges and Variances**:
- CHTR has faced challenges, including a significant decline in internet customers and video subscribers due to industry competition.
- The company has a mixed track record of meeting earnings expectations, having surpassed estimates in two of the last four quarters but missing on others.
- In the most recent quarter, CHTR's EPS of $7.55 exceeded expectations but was offset by broadband subscriber losses.
4. **Stock Performance and Analyst Ratings**:
- CHTR's stock has experienced volatility, with a notable 16.5% drop in early February following an earnings miss, although it recovered to show a 16.62% increase on July 26, 2024.
- Analysts have set a variety of price targets, with the current average price target being $425, indicating potential upside from the current price.
- Institutional investors have shown interest, with Vontobel Holding Ltd. increasing its position in CHTR, while others, such as Los Angeles Capital Management LLC, have reduced their holdings.
|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|CHTR|CHTR.O|Charter|20240202|-16.5115|185|
|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|CHTR|CHTR.O|Charter|20240226|-2.2644|185|
|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|CHTR|CHTR.O|Charter|20240426|-1.7329|185|
|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|CHTR|CHTR.O|Charter|20240726|16.6196|185|
In conclusion, while CHTR has faced challenges such as declining internet customers and video subscribers, the company's earnings are expected to grow, and the stock has shown potential for recovery, as evidenced by a significant increase on July 26, 2024. Analysts remain cautiously optimistic about the company's future performance.