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Cable ONE, Inc (CABO)
NYSE:CABO
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$9.38Last Year’s EPS
$19.39Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -3.86%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments, including the stabilization of ARPU, growth in business broadband, technological advancements, and financial stability through debt repayment. However, these were balanced by declines in total and residential data revenues, attributed to lower ARPU and customer losses from the discontinuation of the Affordable Connectivity Program. The overall sentiment of the call is neutral, with both positive and negative aspects being equally significant.Company Guidance
During Cable One's Q3 2024 earnings call, the company provided guidance focusing on several metrics and strategic initiatives. Residential ARPU remained stable, while business broadband revenue grew by 2.9% year-over-year, driven by demand in carrier, wholesale, and enterprise segments. Despite a sequential quarterly customer decrease of 3,400, largely due to the Affordable Connectivity Program's expiration affecting 5,300 customers, the company anticipates accelerated churn from this program is behind them. The company highlighted significant advancements, including a new billing system, AI integration, and a focus on network upgrades like DOCSIS 4.0, which supports average data usage of 730 gigabits per month. Capital expenditures in Q3 totaled $77 million, with ongoing investments in network technology. The financial outlook remains positive, with a disciplined capital allocation strategy, anticipating revenue growth and maintaining a stable ARPU trend for the remainder of the year.Stabilization of Residential ARPU
Residential ARPU stabilized sequentially and is expected to continue this trend for the remainder of the year. New customer selection of speed tiers of 600 Mbps or higher increased significantly by 900 basis points year-over-year and 300 basis points sequentially, reaching an all-time high of 62%.
Business Broadband Growth
Business broadband revenues increased by 2.9% year-over-year, driven by strong demand across carrier, wholesale, and enterprise segments.
Operational and Technological Advancements
Introduction of a pilot pay-as-you-go internet offering, new billing system implementation, and advancements in digital transformation and AI integration.
Strong Network Performance
Despite significant data demand, network peak utilization remains low at just 19% downstream and 18% upstream. Multi-gig capabilities available in over 40% of markets.
Debt Repayment and Financial Stability
Since early 2023, nearly $400 million of debt repaid. Weighted average cost of debt for Q3 2024 was 4.16% with a secured net leverage ratio of approximately 2x.
Strategic Investments and Returns
Metronet and Ziply entered into definitive agreements to sell their businesses, expected to yield attractive returns with pretax proceeds in excess of $100 million.
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CABO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CABO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $383.88 | $399.76 | +4.14% |
| Aug 01, 2024 | $398.47 | $388.31 | -2.55% |
| May 02, 2024 | $386.61 | $369.50 | -4.43% |
| Feb 22, 2024 | $464.80 | $430.64 | -7.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cable ONE, Inc (CABO) report earnings?
Cable ONE, Inc (CABO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Cable ONE, Inc (CABO) earnings time?
Cable ONE, Inc (CABO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CABO EPS forecast?
CABO EPS forecast for the fiscal quarter 2024 (Q4) is $9.38.
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