Altice USA Inc reports results for the quarter ended June 30 - Earnings Summary

• Altice USA Inc ATUS.N reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of twelve analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -8 cents to 4 cents per share.

• Revenue fell 4.2% to $2.15 billion from a year ago; analysts expected $2.16 billion.

• Altice USA Inc shares had risen by 11.7% this quarter and lost 0.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 206.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Altice USA Inc is $2.25, about 6.2% below its last closing price of $2.39

This summary was machine generated from LSEG data August 7 at 04:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)