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Benzinga
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These Analysts Cut Their Forecasts On Charter Communications Following Q2 Earnings

1. Charter reported Q2 EPS miss of $9.18 vs. $9.80 expected. 2. Revenue increased by 0.6% year-on-year to $13.77 billion. 3. 117,000 internet customers lost this quarter, an improvement from last year. 4. Analysts lowered price targets post-earnings, signaling concerns. 5. CEO emphasized growth potential in converged connectivity revenue.

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FAQ

Why Bearish?

The EPS miss and customer losses signal ongoing struggles. Historical precedent shows significant price impacts after quarterly misses.

How important is it?

The reported losses and price target cuts indicate serious concerns affecting investor perception and stock dynamics.

Why Short Term?

Immediate bearish sentiment typically influences stock prices in the short-term. Similar stocks usually see impacts during subsequent trading days after poor earnings.

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