Internet, cable TV, and phone provider Cable One (NYSE:CABO) will be announcing earnings results tomorrow after market close. Here's what you need to know.

Cable One missed analysts' revenue expectations by 1.6% last quarter, reporting revenues of $411.8 million, down 3.2% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates but a miss of analysts' revenue estimates.

Is Cable One a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Cable One's revenue to decline 3.1% year on year to $408.7 million, a further deceleration from the 1.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $10.75 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cable One has missed Wall Street's revenue estimates five times over the last two years.

Looking at Cable One's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Sirius XM posted flat year-on-year revenue, beating analysts' expectations by 1.4%, and Charter reported flat revenue, in line with consensus estimates. Charter's stock price was unchanged following the results.

Read our full analysis of Sirius XM's results here and Charter's results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 5.9% on average over the last month. Cable One is down 7.2% during the same time and is heading into earnings with an average analyst price target of $546.8 (compared to the current share price of $393.85).

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