Overview

* Cable One ( CABO ) Q3 revenue declines 4.5% yr/yr, slightly missing analyst expectations

* Net income for Q3 rises 95.7% yr/yr, driven by gains on equity sales

* Adjusted EBITDA slightly beats estimates despite a 5.5% yr/yr decline

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* RESIDENTIAL VIDEO DECLINE - Co attributes $8.7 mln revenue decrease to decline in residential video subscribers, partially offset by rate adjustment

* RESIDENTIAL DATA CHURN - Higher than expected churn in residential data customers, despite modest growth in connects, per CEO Julie Laulis

* EQUITY SALES GAINS - $67.4 mln gains on sales of equity investments primarily drove net income increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $376.01 $379.11

Revenue Miss* mln mln (6

Analysts

)

Q3 Net $86.53

Income mln

Q3 Slight $201.86 $201.48

Adjusted Beat* mln mln (6

EBITDA Analysts

)

Q3 $94.73

Operatin mln

g Income

Q3 $134.52

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy."

* Wall Street's median 12-month price target for Cable One Inc ( CABO ) is $345.00, about 58.4% above its November 5 closing price of $143.42

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)