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) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Comcast (CMCSA - Free Report) closed at $42.75 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 1.51%.
Coming into today, shares of the cable provider had gained 2.18% in the past month. In that same time, the Consumer Discretionary sector gained 3.33%, while the S&P 500 gained 4.32%.
Investors will be hoping for strength from CMCSA as it approaches its next earnings release, which is expected to be July 25, 2019. In that report, analysts expect CMCSA to post earnings of $0.75 per share. This would mark year-over-year growth of 15.38%. Meanwhile, our latest consensus estimate is calling for revenue of $27.55 billion, up 26.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.02 per share and revenue of $111.67 billion, which would represent changes of +18.43% and +18.16%, respectively, from the prior year.
Any recent changes to analyst estimates for CMCSA should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. CMCSA currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, CMCSA is holding a Forward P/E ratio of 14.45. Its industry sports an average Forward P/E of 28.98, so we one might conclude that CMCSA is trading at a discount comparatively.
Investors should also note that CMCSA has a PEG ratio of 1.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CMCSA's industry had an average PEG ratio of 2.18 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Comcast (CMCSA) Dips More Than Broader Markets: What You Should Know
Comcast (CMCSA - Free Report) closed at $42.75 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 1.51%.
Coming into today, shares of the cable provider had gained 2.18% in the past month. In that same time, the Consumer Discretionary sector gained 3.33%, while the S&P 500 gained 4.32%.
Investors will be hoping for strength from CMCSA as it approaches its next earnings release, which is expected to be July 25, 2019. In that report, analysts expect CMCSA to post earnings of $0.75 per share. This would mark year-over-year growth of 15.38%. Meanwhile, our latest consensus estimate is calling for revenue of $27.55 billion, up 26.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.02 per share and revenue of $111.67 billion, which would represent changes of +18.43% and +18.16%, respectively, from the prior year.
Any recent changes to analyst estimates for CMCSA should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. CMCSA currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, CMCSA is holding a Forward P/E ratio of 14.45. Its industry sports an average Forward P/E of 28.98, so we one might conclude that CMCSA is trading at a discount comparatively.
Investors should also note that CMCSA has a PEG ratio of 1.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CMCSA's industry had an average PEG ratio of 2.18 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.