NYSE$CABO

Cable One Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income, driven by residential data and business services growth.

Cable One reported a 15.3% increase in total revenues to $321.2 million for Q1 2020, driven by growth in residential data and business services. Net income increased by 79.0% to $69.3 million. The company is taking measures to support customers and communities impacted by the COVID-19 pandemic.

  • Total revenues increased by 15.3% to $321.2 million compared to Q1 2019.
  • Residential data revenues increased 19.4% and business services revenues increased 22.7% year-over-year.
  • Net income increased 79.0% year-over-year to $69.3 million.
  • Net cash provided by operating activities increased 13.5% year-over-year to $118.5 million.

Headline financials

Total Revenue

$321M

Previous: $279M+15.3%
EPS (adj)

$12.05

Previous: $6.78+77.7%
Passings

0

No prior period
Residential Data ARPU

$0.00

No prior period
Residential Video ARPU

$0.00

No prior period
Business Services ARPU

$0.00

No prior period
Capital Expenditures

-$64.8M

Previous: -$46.6M-38.9%
Free Cash Flow

$4.57M

Previous: -$7.89M+157.9%
Net Income

$69.3M

Previous: $38.7M+79.0%
Operating Income

$92.7M

Previous: $67.7M+37.0%
Gross Profit

$215M

Previous: $119K+180797.5%
Cash & Equivalents

$242M

Previous: $188M+29.0%
Total Assets

$3.3B

Previous: $2.62B+25.7%
Stock-Based Comp

$3.22M

Previous: $3.02M+6.6%

Revenue & EPS history

Cable One · Revenue · Quarterly

$321M

Q1 2020+15.3%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The Company anticipates a larger-than-usual quarterly increase in new residential data customers and resulting revenues in the second quarter of 2020 stemming from the COVID-19 pandemic, offset by lower data overage fees, late charges and reconnect fees resulting from the Company’s actions in response to the pandemic as well as a negative impact on advertising and business services revenues resulting from the pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.8%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-2.3%

Avg return

30 days after

56%

27 / 48 earnings

Positive

+8.3%

Q3 2023

Best reaction

-42.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%-29.7%-41.5%
Q4 2025+6.0%+27.0%+4.7%
Q3 2025-1.8%-14.4%-4.6%
Q1 2025-42.5%-33.4%-44.1%
Q3 2024-3.6%-3.6%+1.0%
Q2 2024-4.6%-3.6%-14.7%
Q1 2024-4.6%-0.9%-2.7%
Q4 2023-7.3%-6.3%-9.1%
Q3 2023+8.3%+10.1%-1.3%
Q2 2023-8.4%-6.5%-14.0%
Q1 2023-3.6%-5.6%-13.7%
Q4 2022-5.8%-5.8%-8.4%
Q3 2022-16.0%-19.9%-9.6%
Q2 2022-4.2%-7.9%-21.3%
Q1 2022-1.1%-3.3%+13.1%
Q4 2021+3.1%+2.2%+7.9%
Q3 2021+1.2%+3.1%+3.9%
Q2 2021+1.3%+3.6%+2.4%
Q1 2021+3.4%+2.4%+4.5%
Q4 2020-4.8%-9.5%-10.4%
Q3 2020+1.9%-0.8%+11.0%
Q2 2020+4.1%+1.6%+0.4%
Q1 2020+2.6%-0.5%-2.3%
Q4 2019-1.7%+0.7%-8.3%
Q3 2019+6.1%+11.1%+14.0%
Q2 2019+3.4%+3.1%+7.7%
Q1 2019-0.1%+1.4%+8.4%
Q4 2018-1.1%-0.9%+2.2%
Q3 2018-2.9%-2.6%-3.2%
Q2 2018+3.3%+3.9%+13.5%
Q1 2018+8.0%+10.7%+10.1%
Q4 2017+0.1%+1.7%+0.9%
Q3 2017+0.2%-3.1%-2.2%
Q2 2017-1.8%-3.3%-2.8%
Q1 2017+0.5%-1.6%+8.7%
Q4 2016-1.6%-3.8%-2.9%
Q3 2016-0.4%+0.1%+5.7%
Q2 2016+1.9%+1.7%+9.1%
Q1 2015+5.2%
Q1 2016+3.8%
Q4 2013+0.8%
Q1 2014+0.8%
Q4 2015+5.1%
Q3 2014+0.2%
Q3 2015-0.6%
Q4 2014+3.6%
Q2 2014+3.6%
Q2 2015+0.1%

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