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Comcast (CMCSA) Gains As Market Dips: What You Should Know
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Comcast (CMCSA - Free Report) closed the most recent trading day at $50.52, moving +0.94% from the previous trading session. This change outpaced the S&P 500's 0.14% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.01%.
Heading into today, shares of the cable provider had gained 3.3% over the past month, outpacing the Consumer Discretionary sector's loss of 3.63% and the S&P 500's loss of 0.13% in that time.
Wall Street will be looking for positivity from Comcast as it approaches its next earnings report date. This is expected to be January 27, 2022. The company is expected to report EPS of $0.74, up 32.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $29.83 billion, up 7.66% from the year-ago period.
Any recent changes to analyst estimates for Comcast should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% lower. Comcast is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Comcast has a Forward P/E ratio of 13.5 right now. This valuation marks a discount compared to its industry's average Forward P/E of 18.21.
It is also worth noting that CMCSA currently has a PEG ratio of 0.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Cable Television industry currently had an average PEG ratio of 1.51 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CMCSA in the coming trading sessions, be sure to utilize Zacks.com.
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Comcast (CMCSA) Gains As Market Dips: What You Should Know
Comcast (CMCSA - Free Report) closed the most recent trading day at $50.52, moving +0.94% from the previous trading session. This change outpaced the S&P 500's 0.14% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.01%.
Heading into today, shares of the cable provider had gained 3.3% over the past month, outpacing the Consumer Discretionary sector's loss of 3.63% and the S&P 500's loss of 0.13% in that time.
Wall Street will be looking for positivity from Comcast as it approaches its next earnings report date. This is expected to be January 27, 2022. The company is expected to report EPS of $0.74, up 32.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $29.83 billion, up 7.66% from the year-ago period.
Any recent changes to analyst estimates for Comcast should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% lower. Comcast is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Comcast has a Forward P/E ratio of 13.5 right now. This valuation marks a discount compared to its industry's average Forward P/E of 18.21.
It is also worth noting that CMCSA currently has a PEG ratio of 0.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Cable Television industry currently had an average PEG ratio of 1.51 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CMCSA in the coming trading sessions, be sure to utilize Zacks.com.