CABLE ONE Reports Q2 FY2023 Earnings Results for Period Ending June 30 2023
August 7, 2023
🌥️Earnings Overview
On August 3 2023, CABLE ONE ($NYSE:CABO) reported financial results for the second quarter of FY2023, which ended June 30 2023. Revenue for the quarter amounted to USD 424.0 million, representing a decrease of 1.2% year-over-year. Net income for the quarter fell 20.2% to USD 55.2 million compared to the same quarter in the prior year.
Stock Price
On Thursday, CABLE ONE reported its earnings results for the second quarter of fiscal year 2023, ending on June 30. Despite the release of its financial report, the company’s stock opened at $721.1 and closed at $725.7, down by 0.7% from its prior closing price of 730.6. The decline in CABLE ONE’s stock was likely due to the fact that the company did not meet analyst expectations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cable One. More…
| Total Revenues | Net Income | Net Margin |
| 1.7k | 106.07 | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cable One. More…
| Operations | Investing | Financing |
| 716.3 | -432.62 | -402.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cable One. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.88k | 5.12k | 313.37 |
Key Ratios Snapshot
Some of the financial key ratios for Cable One are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 15.7% | 24.5% |
| FCF Margin | ROE | ROA |
| 19.0% | 14.8% | 3.8% |
Analysis
GoodWhale has conducted an analysis of CABLE ONE‘s wellbeing. According to our Risk Rating, CABLE ONE is a medium risk investment in terms of financial and business aspects. We have detected 3 risk warnings in the income statement, balance sheet, and cash flow statement. If you’re interested in finding out more about these risks, you can become a registered user to access our detailed report. More…
Peers
Cable One Inc is one of the leading telecommunications companies in the world. With a strong focus on innovative technology and excellent customer service, the company has established a strong presence in the market. Its main competitors are PT Link Net Tbk, HKBN Ltd, and Telenet Group Holding NV.
– PT Link Net Tbk ($IDX:LINK)
PT Link Net Tbk is a provider of high-speed broadband and cable television services in Indonesia. It has a market cap of 7.79T as of 2022 and a Return on Equity of 11.5%. The company offers its services to both residential and business customers. It has a wide network of over 1,000 kilometers of fiber optic cables that connect to more than 500,000 homes and businesses in Indonesia.
– HKBN Ltd ($SEHK:01310)
As of March 2022, HKBN Ltd had a market capitalization of $6.54 billion and a return on equity of 10.33%. HKBN Ltd is a telecommunications company that provides broadband, voice, and other communications services to residential and business customers in Hong Kong. The company has a fiber-to-the-home network that covers over 2.2 million residential homes and businesses in Hong Kong.
– Telenet Group Holding NV ($LTS:0GAF)
Telenet Group Holding NV is a leading provider of cable television, high-speed Internet, and fixed-line telephony services in Belgium. The company has a market capitalization of 1.68 billion as of 2022 and a return on equity of -91.64%. Telenet offers a wide range of services to its customers, including digital television, high-speed Internet, and fixed-line telephony. The company has a strong customer base and a large market share in Belgium.
Summary
CABLE ONE reported second quarter FY2023 earnings results on August 3 2023, with total revenue of USD 424.0 million and net income of USD 55.2 million. Although revenue decreased by 1.2% year-on-year, net income decreased significantly by 20.2%. Investors should take note of the slow growth in revenue, as well as the decreased profitability.
Analysts should consider factors such as competition and market trends, when evaluating CABLE ONE’s performance and making investment decisions. It is possible that CABLE ONE will demonstrate more impressive performance in the future, but investors should take into account the risks and rewards before investing.
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