Altice USA Full Year 2022 Earnings: EPS Misses Expectations
Altice USA (NYSE:ATUS) Full Year 2022 Results
Key Financial Results
Revenue: US$9.65b (down 4.4% from FY 2021).
Net income: US$194.6m (down 80% from FY 2021).
Profit margin: 2.0% (down from 9.8% in FY 2021).
EPS: US$0.43 (down from US$2.16 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Altice USA EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 61%.
Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 2.9%.
Performance of the American Media industry.
The company's shares are down 11% from a week ago.
We don't want to rain on the parade too much, but we did also find 4 warning signs for Altice USA (2 can't be ignored!) that you need to be mindful of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here