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Comcast (CMCSA) Stock Moves -0.97%: What You Should Know
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Comcast (CMCSA - Free Report) closed at $46.94 in the latest trading session, marking a -0.97% move from the prior day. This change was narrower than the S&P 500's 1.48% loss on the day. Elsewhere, the Dow lost 1.05%, while the tech-heavy Nasdaq lost 0.09%.
Prior to today's trading, shares of the cable provider had gained 1.89% over the past month. This has outpaced the Consumer Discretionary sector's loss of 5.51% and the S&P 500's gain of 0.08% in that time.
Comcast will be looking to display strength as it nears its next earnings release, which is expected to be April 28, 2022. On that day, Comcast is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 5.26%. Our most recent consensus estimate is calling for quarterly revenue of $30.44 billion, up 11.89% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $122.31 billion. These totals would mark changes of +8.98% and +5.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Comcast. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.47% higher. 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 13.45 right now. This represents a discount compared to its industry's average Forward P/E of 20.69.
Meanwhile, CMCSA's PEG ratio is currently 1.01. 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. Cable Television stocks are, on average, holding a PEG ratio of 1.54 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 20% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Comcast (CMCSA) Stock Moves -0.97%: What You Should Know
Comcast (CMCSA - Free Report) closed at $46.94 in the latest trading session, marking a -0.97% move from the prior day. This change was narrower than the S&P 500's 1.48% loss on the day. Elsewhere, the Dow lost 1.05%, while the tech-heavy Nasdaq lost 0.09%.
Prior to today's trading, shares of the cable provider had gained 1.89% over the past month. This has outpaced the Consumer Discretionary sector's loss of 5.51% and the S&P 500's gain of 0.08% in that time.
Comcast will be looking to display strength as it nears its next earnings release, which is expected to be April 28, 2022. On that day, Comcast is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 5.26%. Our most recent consensus estimate is calling for quarterly revenue of $30.44 billion, up 11.89% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $122.31 billion. These totals would mark changes of +8.98% and +5.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Comcast. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.47% higher. 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 13.45 right now. This represents a discount compared to its industry's average Forward P/E of 20.69.
Meanwhile, CMCSA's PEG ratio is currently 1.01. 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. Cable Television stocks are, on average, holding a PEG ratio of 1.54 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 20% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.