Q1 Earnings Forecast for Altice USA Issued By Zacks Research

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) - Stock analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for Altice USA in a research note issued on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their prior forecast of $0.07. The consensus estimate for Altice USA's current full-year earnings is ($0.24) per share.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm's revenue was down 4.2% on a year-over-year basis.

Separately, The Goldman Sachs Group assumed coverage on Altice USA in a report on Tuesday, September 2nd. They set a "sell" rating and a $2.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $3.00.

Altice USA Trading Down 0.6%

Shares of NYSE ATUS traded down $0.02 during midday trading on Wednesday, reaching $2.70. 7,372,411 shares of the company were exchanged, compared to its average volume of 3,379,372. Altice USA has a 1 year low of $1.95 and a 1 year high of $3.20. The stock has a fifty day simple moving average of $2.45 and a 200 day simple moving average of $2.41. The stock has a market cap of $1.26 billion, a P/E ratio of -4.65 and a beta of 1.56.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATUS. DoubleLine ETF Adviser LP acquired a new position in shares of Altice USA during the 1st quarter worth approximately $29,000. May Hill Capital LLC acquired a new position in shares of Altice USA during the 2nd quarter worth approximately $29,000. R Squared Ltd raised its position in shares of Altice USA by 56.0% during 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 during the last quarter. CWM LLC raised its position in shares of Altice USA by 251.5% during 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 during the last quarter. Finally, State of Wyoming acquired a new position in shares of Altice USA during the 4th quarter worth approximately $57,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA 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 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.