For its first fiscal quarter (ending March 31), Charter Communications Inc (NASDAQ: CHTR) has reported a 14% increase in E.P.S. from $6.74 a year ago to $7.66 in the current quarter. However, this performance was $-0.59 short of the consensus estimate of $8.25. E.P.S. were $31.46 for the latest four quarters through March 31 versus $31.00 for the same period a year ago — an increase of 1%.
Recent Price Action
Charter Communications Inc (NASDAQ: CHTR) stock declined modestly by -1.7% on 4/26/24. The stock closed at $254.61. Moreover, trading volume in this decline was unusually high at 172% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -2.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CHTR is expected to continue to be a major Value Builder.
Charter Communications has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Charter Communications has a good Appreciation Score of 74 but a very low Power Rating of 2, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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