Published on 24 Mar 2023 on Zacks via Yahoo Finance
Why Is Altice USA, Inc. (ATUS) Down 26.1% Since Last Earnings Report?
A month has gone by since the last earnings report for Altice USA, Inc. (ATUS). Shares have lost about 26.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Altice USA, Inc. due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Altice Q4 Earnings & Revenues Fall Short of EstimatesAltice reported soft fourth-quarter 2022 results, wherein the bottom line and the top line missed the respective Zacks Consensus Estimate and declined year over year due to a challenging macroeconomic environment. Nevertheless, the company has been accelerating the pace of network rollouts and expects to enhance customer connection with its rebranding campaign, thereby reporting improved performances in the long run.