Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Sirius XM (NASDAQ:SIRI) and its peers.
The massive physical footprints of cell phone towers, fiber in the ground, or satellites in space make it challenging for companies in this industry to adjust to shifting consumer habits. Over the last decade-plus, consumers have ‘cut the cord’ to their landlines and traditional cable subscriptions in favor of wireless communications and streaming video. These trends do mean that more households need cell phone plans and high-speed internet. Companies that successfully serve customers can enjoy high retention rates and pricing power since the options for mobile and internet connectivity in any geography are usually limited.
The 8 wireless, cable and satellite stocks we track reported a mixed Q4. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
Sirius XM (NASDAQ:SIRI)
Known for its commercial-free music channels, Sirius XM (NASDAQ:SIRI) is a broadcasting company that provides satellite radio and online radio services across North America.
Sirius XM reported revenues of $2.19 billion, down 4.3% year on year. This print exceeded analysts’ expectations by 0.7%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts’ adjusted operating income estimates.
The stock is down 7.6% since reporting and currently trades at $20.17.
Is now the time to buy Sirius XM? Access our full analysis of the earnings results here, it’s free.
Best Q4: Comcast (NASDAQ:CMCSA)
Formerly known as American Cable Systems, Comcast (NASDAQ:CMCSA) is a multinational telecommunications company offering a wide range of services.
Comcast reported revenues of $31.92 billion, up 2.1% year on year, outperforming analysts’ expectations by 1%. The business had a strong quarter with a decent beat of analysts’ EPS and adjusted operating income estimates.
Comcast achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is down 8.8% since reporting. It currently trades at $34.06.
Is now the time to buy Comcast? Access our full analysis of the earnings results here, it’s free.
Altice (NYSE:ATUS)
Based in Long Island City, Altice USA (NYSE:ATUS) is a telecommunications company offering cable, internet, telephone, and television services across the United States.
Altice reported revenues of $2.24 billion, down 2.9% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.
As expected, the stock is down 17.3% since the results and currently trades at $2.24.
Read our full analysis of Altice’s results here.
WideOpenWest (NYSE:WOW)
Initially started in Denver as a cable television provider, WideOpenWest (NYSE:WOW) provides high-speed internet, cable, and telephone services to the Midwest and Southeast regions of the U.S.
WideOpenWest reported revenues of $152.6 million, down 9.6% year on year. This result came in 0.9% below analysts' expectations. Overall, it was a slower quarter as it also logged a significant miss of analysts’ adjusted operating income estimates.
WideOpenWest had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 6.5% since reporting and currently trades at $4.44.
Read our full, actionable report on WideOpenWest here, it’s free.
Charter (NASDAQ:CHTR)
Operating as Spectrum, Charter (NASDAQ:CHTR) is a leading telecommunications company offering cable television, high-speed internet, and voice services across the United States.
Charter reported revenues of $13.93 billion, up 1.6% year on year. This number met analysts’ expectations. Overall, it was a satisfactory quarter as it also put up a decent beat of analysts’ EPS estimates.
The stock is flat since reporting and currently trades at $334.47.
Read our full, actionable report on Charter here, it’s free.
Market Update
Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.
Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
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