NYSE$CABO

Cable One Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a 6.2% increase in total revenue, driven by residential data and business services growth. Net income saw a slight decrease of 1.1%, while adjusted EBITDA increased by 14.4%.

Cable One reported a 6.2% increase in total revenue for Q1 2021, reaching $341.3 million compared to $321.2 million in Q1 2020. This growth was primarily driven by an increase in residential data and business services revenues. Net income decreased slightly by 1.1% to $68.6 million, while adjusted EBITDA increased by 14.4% to $180.4 million.

  • Total revenues increased by 6.2% to $341.3 million, driven by residential data and business services growth.
  • Net income decreased slightly by 1.1% to $68.6 million.
  • Adjusted EBITDA increased by 14.4% to $180.4 million.
  • Residential data PSUs grew by approximately 22,000, or 2.8%, sequentially.

Headline financials

Total Revenue

$341M

Previous: $321M+6.2%
EPS (adj)

$11.19

Previous: $12.05-7.1%
Passings

2.4M

Previous: 0
Capital Expenditures

-$71.9M

Previous: -$64.8M-11.0%
Free Cash Flow

-$3.27M

Previous: $4.57M-171.6%
Net Income

$68.6M

Previous: $69.3M-1.1%
Operating Income

$102M

Previous: $92.7M+10.4%
Gross Profit

$240M

Previous: $215M+11.4%
Cash & Equivalents

$1.54B

Previous: $242M+535.5%
Total Assets

$5.43B

Previous: $3.3B+64.7%
Stock-Based Comp

$4.13M

Previous: $3.22M+28.1%

Revenue & EPS history

Cable One · Revenue · Quarterly

$341M

Q1 2021+6.2%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Cable One · $281M total across 4 segments · Q1 2021

  • Residential Data
    $184M
  • Residential Video
    $72.3M
  • Residential Voice
    $14.3M
  • Other
    $10.6M

Forward guidance

No specific forward guidance was provided in the document.

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 2021

Historical avgQ1 2021

-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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