We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Comcast (CMCSA) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
Comcast (CMCSA - Free Report) is set to report second-quarter 2020 results on Jul 30.
The Zacks Consensus Estimate for second-quarter 2020 revenues is pegged at $23.75 billion, indicating an 11.6% dip from the year-ago quarter’s reported figure.
Moreover, the consensus mark for earnings has moved north by 5.8% to 55 cents over the past 30 days, suggesting a decline of 29.5% from the figure reported in the year-ago quarter.
Notably, Comcast beat on earnings in the trailing four quarters by 4.4%, on average.
Let’s see how things are shaping up prior to this announcement.
Internet & Mobile Subscriber Base Growth a Tailwind
Comcast’s top line in the to-be-reported quarter is expected to have benefited from an increased number of high-speed Internet subscribers amid the coronavirus outbreak. Increased media consumption and work-from-home wave are expected to have augured well for this cable giant.
Additionally, improving customer experience owing to expanding Wi-Fi coverage and innovative xFi control features like the enhanced WiFi parental control (Xfinity xFi) is expected to have aided subscriber growth.
The Zacks Consensus Estimate for Cable Communication – High Speed Internet revenues is pegged at $5.04 billion, indicating 8.1% growth from the figure reported in the year-ago quarter.
Notably, Comcast’s wireless business added 216K lines, bringing total connections to 2.3 million lines at the end of the first quarter. The momentum is expected to have continued in second quarter.
Additionally, exclusive device offerings like Samsung Galaxy A51 for Xfinity subscribers are noteworthy.
During the quarter, Comcast announced that it has deployed over one million Xfinity Flex devices.
The Zacks Consensus Estimate for Cable Communication revenues is pegged at $14.57 billion, implying 0.8% growth from the figure reported in the year-ago quarter.
NBCUniversal & Theme Park Revenues to Take a Hit
Comcast’s NBCUniversal and Theme Park revenues are expected to have been negatively impacted by the coronavirus pandemic.
The Zacks Consensus Estimate for NBCUniversal revenues stands at $5.77 billion, implying a 29.7% decline from the figure reported in the year-ago quarter. This division is expected to have been hurt by lack of film releases and lost sports advertising revenues due to coronavirus-induced lockdowns and social-distancing measures, globally.
Further, the consensus mark of $60 million for Theme Parks’ revenues is significantly lower from $1.46 billion reported in the year-ago quarter. The company reopened its Florida theme park on Jun 5.
Sky’s Robust Content to Aid Growth
Meanwhile, Sky’s top-line growth is expected to have been hurt from lack of sports content in the to-be-reported quarter.
The Zacks Consensus Estimate for Sky revenues is pegged at $3.86 billion, implying a 20% decline from the figure reported in the year-ago quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Comcast has an Earnings ESP of +1.71% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Take Two Interactive Software (TTWO - Free Report) has an Earnings ESP of +12.97% and is #2 Ranked.
Etsy (ETSY - Free Report) has an Earnings ESP of +1.15% and a Zacks Rank #2.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Comcast (CMCSA) to Report Q2 Earnings: What's in the Cards?
Comcast (CMCSA - Free Report) is set to report second-quarter 2020 results on Jul 30.
The Zacks Consensus Estimate for second-quarter 2020 revenues is pegged at $23.75 billion, indicating an 11.6% dip from the year-ago quarter’s reported figure.
Moreover, the consensus mark for earnings has moved north by 5.8% to 55 cents over the past 30 days, suggesting a decline of 29.5% from the figure reported in the year-ago quarter.
Notably, Comcast beat on earnings in the trailing four quarters by 4.4%, on average.
Comcast Corporation Price and EPS Surprise
Comcast Corporation price-eps-surprise | Comcast Corporation Quote
Let’s see how things are shaping up prior to this announcement.
Internet & Mobile Subscriber Base Growth a Tailwind
Comcast’s top line in the to-be-reported quarter is expected to have benefited from an increased number of high-speed Internet subscribers amid the coronavirus outbreak. Increased media consumption and work-from-home wave are expected to have augured well for this cable giant.
Additionally, improving customer experience owing to expanding Wi-Fi coverage and innovative xFi control features like the enhanced WiFi parental control (Xfinity xFi) is expected to have aided subscriber growth.
The Zacks Consensus Estimate for Cable Communication – High Speed Internet revenues is pegged at $5.04 billion, indicating 8.1% growth from the figure reported in the year-ago quarter.
Notably, Comcast’s wireless business added 216K lines, bringing total connections to 2.3 million lines at the end of the first quarter. The momentum is expected to have continued in second quarter.
Additionally, exclusive device offerings like Samsung Galaxy A51 for Xfinity subscribers are noteworthy.
During the quarter, Comcast announced that it has deployed over one million Xfinity Flex devices.
The Zacks Consensus Estimate for Cable Communication revenues is pegged at $14.57 billion, implying 0.8% growth from the figure reported in the year-ago quarter.
NBCUniversal & Theme Park Revenues to Take a Hit
Comcast’s NBCUniversal and Theme Park revenues are expected to have been negatively impacted by the coronavirus pandemic.
The Zacks Consensus Estimate for NBCUniversal revenues stands at $5.77 billion, implying a 29.7% decline from the figure reported in the year-ago quarter. This division is expected to have been hurt by lack of film releases and lost sports advertising revenues due to coronavirus-induced lockdowns and social-distancing measures, globally.
Further, the consensus mark of $60 million for Theme Parks’ revenues is significantly lower from $1.46 billion reported in the year-ago quarter. The company reopened its Florida theme park on Jun 5.
Sky’s Robust Content to Aid Growth
Meanwhile, Sky’s top-line growth is expected to have been hurt from lack of sports content in the to-be-reported quarter.
The Zacks Consensus Estimate for Sky revenues is pegged at $3.86 billion, implying a 20% decline from the figure reported in the year-ago quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Comcast has an Earnings ESP of +1.71% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
GoPro (GPRO - Free Report) has an Earnings ESP of +43.66% and is Zacks #2 Ranked. You can see the complete list of today’s Zacks #1 Rank stocks here.
Take Two Interactive Software (TTWO - Free Report) has an Earnings ESP of +12.97% and is #2 Ranked.
Etsy (ETSY - Free Report) has an Earnings ESP of +1.15% and a Zacks Rank #2.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>