Q3 EPS Estimate for Optimum Communications Lifted by Analyst

Optimum Communications, Inc. (NYSE:OPTU) – Research analysts at Zacks Research increased their Q3 2026 EPS estimates for shares of Optimum Communications in a research note issued on Thursday, August 27th. Zacks Research analyst Team now expects that the company will post earnings per share of ($0.17) for the quarter, up from their previous forecast of ($0.18). The consensus estimate for Optimum Communications’ current full-year earnings is ($0.82) per share. Zacks Research also issued estimates for Optimum Communications’ Q4 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.56) EPS, Q2 2027 earnings at ($0.21) EPS, Q3 2027 earnings at ($0.17) EPS, Q4 2027 earnings at ($0.21) EPS, FY2027 earnings at ($0.82) EPS, Q1 2028 earnings at ($0.52) EPS, Q2 2028 earnings at ($0.30) EPS and FY2028 earnings at ($0.67) EPS.

Optimum Communications (NYSE:OPTU) last released its earnings results on Thursday, August 6th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.50). The company had revenue of $2.02 billion for the quarter.

Several other brokerages have also weighed in on OPTU. UBS Group dropped their price objective on shares of Optimum Communications from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. BNP Paribas Exane upgraded Optimum Communications from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Wall Street Zen lowered Optimum Communications from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 26th. Weiss Ratings raised Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Citigroup lowered Optimum Communications from a “neutral” rating to a “sell” rating and cut their price target for the stock from $1.50 to $0.50 in a report on Friday, May 15th. Six investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Optimum Communications has a consensus rating of “Reduce” and an average price target of $0.92.

Optimum Communications Trading Down 4.0%

NYSE:OPTU opened at $0.98 on Tuesday. Optimum Communications has a 12 month low of $0.58 and a 12 month high of $2.79. The stock has a market capitalization of $266.98 million, a price-to-earnings ratio of -0.09 and a beta of 1.20. The firm has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $1.19.

Institutional Investors Weigh In On Optimum Communications

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in Optimum Communications by 365.8% during the first quarter. Royal Bank of Canada now owns 2,171,000 shares of the company’s stock worth $5,775,000 after buying an additional 1,704,908 shares during the last quarter. AQR Capital Management LLC boosted its stake in Optimum Communications by 4.7% in the first quarter. AQR Capital Management LLC now owns 806,675 shares of the company’s stock valued at $2,146,000 after acquiring an additional 36,260 shares during the last quarter. Millennium Management LLC boosted its stake in Optimum Communications by 10.5% in the first quarter. Millennium Management LLC now owns 5,516,311 shares of the company’s stock valued at $14,673,000 after acquiring an additional 524,169 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Optimum Communications by 46.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,397,047 shares of the company’s stock valued at $17,016,000 after acquiring an additional 2,031,971 shares during the period. Finally, Caxton Associates LLP bought a new position in shares of Optimum Communications during the 1st quarter valued at approximately $88,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Optimum Communications news, major shareholder Neil S. Subin acquired 171,711 shares of the business’s stock in a transaction on Monday, August 24th. The shares were acquired at an average price of $0.83 per share, with a total value of $142,520.13. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 3,032,354 shares of company stock worth $2,455,613 in the last 90 days. Company insiders own 43.40% of the company’s stock.

Trending Headlines about Optimum Communications

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

• Positive Sentiment: Optimum expanded its relationship with T-Mobile to provide customers with advanced 5G connectivity and additional mobile capabilities. The agreement could support subscriber growth, service adoption and revenue opportunities. Optimum Expands T-Mobile Relationship to Bring Customers Advanced 5G Connectivity and New Mobile Capabilities
• Neutral Sentiment: Zacks Research made a small upward revision to its third-quarter 2026 EPS forecast, now expecting a loss of $0.17 per share versus a previous loss estimate of $0.18. However, the company is still expected to remain unprofitable.
• Negative Sentiment: Zacks Research reduced several other forecasts, including fourth-quarter 2026 EPS to a loss of $0.10 from $0.09, full-year 2026 EPS to a loss of $0.56 from $0.55, and full-year 2027 EPS to a loss of $0.82 from $0.72.
• Negative Sentiment: Longer-term quarterly estimates were also cut: second-quarter 2027 EPS was lowered to a loss of $0.21 from $0.14, third-quarter 2027 to a loss of $0.17 from $0.15, fourth-quarter 2027 to a loss of $0.21 from $0.19, first-quarter 2028 to a loss of $0.52 from $0.48, and second-quarter 2028 to a loss of $0.30 from $0.05.
• Positive Sentiment: Zacks raised its FY2028 EPS forecast modestly, to a loss of $0.67 from $0.70. Nevertheless, the revision still implies ongoing losses, limiting its positive impact.

About Optimum Communications

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.