Charter Communications will report its second-quarter earnings before the market opens on Friday. The cable, internet, and telephone services provider is expected to post a 1.9% year-on-year revenue decline, a deceleration from flat revenue in the same quarter last year. Last quarter, Charter met revenue expectations with $13.6 billion, down 1% year on year, but significantly missed earnings per share estimates. The company reported 29.56 million internet subscribers, up 5.7% year on year. Analysts have generally reconfirmed their estimates over the last 30 days, and Charter has missed Wall Street revenue estimates multiple times over the past two years. Shares are down 2% over the last month, heading into earnings with an average analyst price target of $209.94 compared to the current share price of $129.11.
Charter Communications IncExpected 1.9% revenue decline and prior earnings miss suggest weak financial performance.