Zacks Research Has Optimistic View of Altice USA Q1 Earnings

Key Points

• Altice USA's Q1 2027 earnings per share estimate has been raised to $0.08 by Zacks Research, up from a previous estimate of $0.07.
• Goldman Sachs initiated coverage on Altice USA with a sell rating and a price target of $2.00, contrasting with a consensus price target of $3.00 from analysts.
• The company's stock opened at $2.38 and has a market capitalization of $1.12 billion, with a negative price-to-earnings ratio of -4.10.

Altice USA, Inc. (NYSE:ATUS - Free Report) - Zacks Research boosted their Q1 2027 earnings estimates for shares of Altice USA in a report released on Tuesday, September 16th. Zacks Research analyst Team now expects that the company will earn $0.08 per share for the quarter, up from their prior estimate of $0.07. The consensus estimate for Altice USA's current full-year earnings is ($0.24) per share.

Separately, The Goldman Sachs Group initiated coverage on shares of Altice USA in a research note on Tuesday, September 2nd. They issued a "sell" rating and a $2.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.00.

Altice USA Price Performance

Shares of Altice USA stock traded down $0.02 during trading on Wednesday, reaching $2.70. The company's stock had a trading volume of 7,372,411 shares, compared to its average volume of 3,379,372. Altice USA has a 52-week low of $1.95 and a 52-week high of $3.20. The firm's 50-day moving average is $2.45 and its two-hundred day moving average is $2.41.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.15). The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business earned $0.03 earnings per share. The business's quarterly revenue was down 4.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. DoubleLine ETF Adviser LP bought a new position in Altice USA in the 1st quarter worth $29,000. May Hill Capital LLC bought a new position in Altice USA in the 2nd quarter worth $29,000. R Squared Ltd raised its holdings in Altice USA by 56.0% in the 1st quarter. R Squared Ltd now owns 15,490 shares of the company's stock worth $41,000 after purchasing an additional 5,560 shares in the last quarter. CWM LLC raised its holdings in Altice USA by 251.5% in the 2nd quarter. CWM LLC now owns 22,280 shares of the company's stock worth $48,000 after purchasing an additional 15,941 shares in the last quarter. Finally, State of Wyoming bought a new position in Altice USA in the 4th quarter worth $57,000. 54.85% of the stock is currently owned by institutional investors.

About Altice USA

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 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.