Broadband and telecommunications services provider WideOpenWest (NYSE: WOW) will be reporting earnings tomorrow before the bell. Here’s what investors should know.
WideOpenWest missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $152.6 million, down 9.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates. It reported 478,700 subscribers, down 5% year on year.
Is WideOpenWest a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting WideOpenWest’s revenue to decline 8.3% year on year to $148 million, a further deceleration from the 6.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WideOpenWest has missed Wall Street’s revenue estimates five times over the last two years.
Looking at WideOpenWest’s peers in the wireless, cable and satellite segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Comcast posted flat year-on-year revenue, meeting analysts’ expectations, and AT&T reported revenues up 2%, topping estimates by 1%. Comcast traded down 1.5% following the results while AT&T was up 2.1%.
Read our full analysis of Comcast’s results here and AT&T’s results here.
There has been positive sentiment among investors in the wireless, cable and satellite segment, with share prices up 8.8% on average over the last month. WideOpenWest is up 3.7% during the same time and is heading into earnings with an average analyst price target of $6.15 (compared to the current share price of $4.49).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
