Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) will be announcing earnings results tomorrow before the bell. Here’s what to expect.
WideOpenWest met analysts’ revenue expectations last quarter, reporting revenues of $158 million, down 8.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates. It reported 490,500 subscribers, down 5.2% 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 8.8% year on year to $154 million, a further deceleration from the 6.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.13 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 four times over the last two years.
Looking at WideOpenWest’s peers in the wireless, cable and satellite segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Comcast delivered year-on-year revenue growth of 2.1%, beating analysts’ expectations by 1%, and Charter reported revenues up 1.6%, in line with consensus estimates. Comcast traded down 9.9% following the results while Charter was up 1.4%.
Read our full analysis of Comcast’s results here and Charter’s results here.
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