Zacks Research Analysts Increase Earnings Estimates for OPTU

Key Points

• Zacks Research raised Optimum Communications’ Q3 2026 EPS estimate to a loss of $0.17 per share from a projected loss of $0.18, but the company is still expected to remain unprofitable.
• Optimum recently reported a significant quarterly earnings miss, posting a $0.67-per-share loss versus the $0.17 consensus estimate, despite generating $2.02 billion in revenue.
• Investor sentiment remains cautious: analysts have a consensus “Reduce” rating and a $0.92 price target, while the stock opened at $0.98. Meanwhile, insiders bought more than 3 million shares during the last quarter.

Optimum Communications, Inc. (NYSE:OPTU - Free Report) - Stock analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for Optimum Communications in a research report issued on Thursday, August 27th. Zacks Research analyst Team now forecasts that the company will earn ($0.17) per share for the quarter, up from their previous forecast of ($0.18). The consensus estimate for Optimum Communications' current full-year earnings is ($0.82) per share. Zacks Research also issued estimates for Optimum Communications' Q4 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.56) EPS, Q2 2027 earnings at ($0.21) EPS, Q3 2027 earnings at ($0.17) EPS, Q4 2027 earnings at ($0.21) EPS, FY2027 earnings at ($0.82) EPS, Q1 2028 earnings at ($0.52) EPS, Q2 2028 earnings at ($0.30) EPS and FY2028 earnings at ($0.67) EPS.

Optimum Communications (NYSE:OPTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.50). The firm had revenue of $2.02 billion during the quarter.

Several other brokerages also recently commented on OPTU. Weiss Ratings raised shares of Optimum Communications from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday. Wall Street Zen cut shares of Optimum Communications from a "sell" rating to a "strong sell" rating in a research note on Sunday, July 26th. The Goldman Sachs Group set a $1.00 price target on shares of Optimum Communications in a report on Friday, May 8th. Evercore set a $1.25 price target on Optimum Communications in a research note on Tuesday, May 12th. Finally, UBS Group reduced their price objective on Optimum Communications from $2.00 to $1.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. Six investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $0.92.

Optimum Communications Stock Down 4.0%

NYSE:OPTU opened at $0.98 on Tuesday. Optimum Communications has a twelve month low of $0.58 and a twelve month high of $2.79. The stock's 50-day simple moving average is $1.00 and its 200 day simple moving average is $1.19. The firm has a market capitalization of $266.98 million, a PE ratio of -0.09 and a beta of 1.20.

Insider Activity at Optimum Communications

In other Optimum Communications news, major shareholder Neil S. Subin acquired 1,291,471 shares of Optimum Communications stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of $0.84 per share, with a total value of $1,084,835.64. Following the completion of the purchase, the insider directly owned 18,791,471 shares in the company, valued at $15,784,835.64. This trade represents a 7.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 3,032,354 shares of company stock worth $2,455,613 in the last quarter. 43.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in Optimum Communications in the fourth quarter valued at approximately $46,002,000. Empyrean Capital Partners LP bought a new position in Optimum Communications during the 4th quarter worth approximately $41,297,000. Deutsche Bank AG bought a new position in Optimum Communications during the 4th quarter worth approximately $27,135,000. Millennium Management LLC acquired a new position in shares of Optimum Communications in the 4th quarter worth approximately $24,478,000. Finally, Redwood Capital Management LLC bought a new stake in shares of Optimum Communications in the 4th quarter valued at $13,512,000. 54.85% of the stock is owned by institutional investors.

Key Stories Impacting Optimum Communications

Here are the key news stories impacting Optimum Communications this week:

• Positive Sentiment: Optimum expanded its relationship with T-Mobile to provide customers with advanced 5G connectivity and additional mobile capabilities. The agreement could support subscriber growth, service adoption and revenue opportunities. Optimum Expands T-Mobile Relationship to Bring Customers Advanced 5G Connectivity and New Mobile Capabilities
• Neutral Sentiment: Zacks Research made a small upward revision to its third-quarter 2026 EPS forecast, now expecting a loss of $0.17 per share versus a previous loss estimate of $0.18. However, the company is still expected to remain unprofitable.
• Negative Sentiment: Zacks Research reduced several other forecasts, including fourth-quarter 2026 EPS to a loss of $0.10 from $0.09, full-year 2026 EPS to a loss of $0.56 from $0.55, and full-year 2027 EPS to a loss of $0.82 from $0.72.
• Negative Sentiment: Longer-term quarterly estimates were also cut: second-quarter 2027 EPS was lowered to a loss of $0.21 from $0.14, third-quarter 2027 to a loss of $0.17 from $0.15, fourth-quarter 2027 to a loss of $0.21 from $0.19, first-quarter 2028 to a loss of $0.52 from $0.48, and second-quarter 2028 to a loss of $0.30 from $0.05.
• Positive Sentiment: Zacks raised its FY2028 EPS forecast modestly, to a loss of $0.67 from $0.70. Nevertheless, the revision still implies ongoing losses, limiting its positive impact.

Optimum Communications Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.

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