OPTU Stock Earnings Estimates Decreased by Zacks Research

Optimum Communications, Inc. (NYSE:OPTU) – Zacks Research decreased their Q1 2027 EPS estimates for Optimum Communications in a report issued on Wednesday, September 30th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.26) for the quarter, down from their prior forecast of ($0.24). Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.83) per share. Zacks Research also issued estimates for Optimum Communications’ Q2 2027 earnings at ($0.25) EPS, Q3 2027 earnings at ($0.21) EPS, Q4 2027 earnings at ($0.25) EPS, FY2027 earnings at ($0.97) EPS, Q2 2028 earnings at ($0.35) EPS, Q3 2028 earnings at $0.02 EPS and FY2028 earnings at ($0.80) EPS.

Optimum Communications (NYSE:OPTU) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.50). The firm had revenue of $2.02 billion for the quarter.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company dropped their price target on Optimum Communications from $1.00 to $0.75 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings raised Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Finally, Wall Street Zen cut Optimum Communications from a “sell” rating to a “strong sell” rating in a report on Sunday, July 26th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $0.92.

Optimum Communications Trading Down 3.8%

Shares of Optimum Communications stock opened at $0.91 on Friday. Optimum Communications has a twelve month low of $0.58 and a twelve month high of $2.74. The stock has a market capitalization of $247.06 million, a P/E ratio of -0.09 and a beta of 1.17. The business’s fifty day moving average price is $0.94 and its 200 day moving average price is $1.11.

Insiders Place Their Bets

In related news, major shareholder Neil S. Subin purchased 171,711 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $0.83 per share, for a total transaction of $142,520.13. Following the acquisition, the insider owned 19,548,909 shares in the company, valued at approximately $16,225,594.47. This trade represents a 0.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 3,032,354 shares of company stock worth $2,455,613. 43.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP boosted its position in shares of Optimum Communications by 2,392.3% in the second quarter. Engineers Gate Manager LP now owns 266,771 shares of the company’s stock worth $387,000 after buying an additional 256,067 shares during the period. Cidel Asset Management Inc. raised its holdings in shares of Optimum Communications by 139.7% during the 2nd quarter. Cidel Asset Management Inc. now owns 58,484 shares of the company’s stock valued at $85,000 after buying an additional 34,084 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Optimum Communications during the 2nd quarter valued at about $86,000. Corient Private Wealth LP lifted its position in Optimum Communications by 32.0% during the 2nd quarter. Corient Private Wealth LP now owns 278,520 shares of the company’s stock worth $404,000 after acquiring an additional 67,506 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Optimum Communications during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Optimum Communications News Roundup

Here are the key news stories impacting Optimum Communications this week:

• Positive Sentiment: Optimum appointed Adriana Rios Welton as general counsel and chief corporate responsibility officer. The addition could strengthen legal, governance and corporate-responsibility leadership, although the near-term financial impact is unclear. Optimum Appoints Adriana Rios Welton as General Counsel and Chief Corporate Responsibility Officer
• Neutral Sentiment: Optimum Communications shares remain below both their 50-day and 200-day moving averages, indicating continued technical weakness. The stock has traded near the lower end of its 12-month range, while the company remains unprofitable.
• Negative Sentiment: Zacks Research reduced EPS estimates across multiple periods, including Q1–Q4 2027, FY2027 and FY2028. FY2027 EPS is now projected at ($0.97), down from ($0.83), while FY2028 EPS was lowered to ($0.80) from ($0.68).
• Negative Sentiment: The analyst also cut estimates for Q2 2028 EPS to ($0.35) from ($0.30) and Q3 2028 EPS to $0.02 from $0.03. The repeated reductions suggest expectations for a slower path to profitability.
• Negative Sentiment: Zacks Research reiterated a “Strong Sell” rating. The bearish stance adds pressure to the stock, particularly following Optimum’s previous quarterly EPS miss and the company’s projected full-year loss of approximately $0.83 per share.

Optimum Communications Company Profile

Optimum Communications, Inc is a telecommunications and broadband services provider operating under the Optimum brand. The company offers high-speed internet, video and television services, mobile connectivity, digital voice, and related communications products to residential customers. It also provides internet, phone, networking, and other connectivity solutions for businesses and organizations.

The company’s operations are concentrated in the United States, serving customers across a range of metropolitan and regional markets.