Charter Communications, Inc. (CHTR), with a market cap of $44.8 billion, is a leading U.S. broadband communications and cable operator serving 32 million customers across 41 states. The Stamford, Connecticut-based company is expected to announce its fiscal Q2 earnings results before the market opens on Friday, Jul. 26.
Ahead of this event, analysts anticipate the cable provider to report a profit of $7.94 per share, a slight decrease of 1.4% from the year-ago quarter's $8.05 per share. The company has a mixed earnings surprise history, having exceeded Wall Street's bottom-line estimates in two of the past four quarters while falling short on two other occasions. In the most recent quarter, the company’s EPS of $7.55 jumped 13.5% year over year but narrowly missed the consensus EPS estimate due to broadband subscriber losses.
