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Comcast (CMCSA) Gains But Lags Market: What You Should Know
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Comcast (CMCSA - Free Report) closed at $38.01 in the latest trading session, marking a +0.26% move from the prior day. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.62%.
Prior to today's trading, shares of the cable provider had gained 1.83% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.07% and the S&P 500's gain of 3.71% in that time.
Comcast will be looking to display strength as it nears its next earnings release, which is expected to be April 27, 2023. On that day, Comcast is projected to report earnings of $0.76 per share, which would represent a year-over-year decline of 11.63%. Meanwhile, our latest consensus estimate is calling for revenue of $29.92 billion, down 3.51% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.64 per share and revenue of $120.29 billion. These totals would mark changes of 0% and -0.94%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Comcast. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.77% lower. Comcast currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Comcast currently has a Forward P/E ratio of 10.42. Its industry sports an average Forward P/E of 12.29, so we one might conclude that Comcast is trading at a discount comparatively.
It is also worth noting that CMCSA currently has a PEG ratio of 0.82. 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. CMCSA's industry had an average PEG ratio of 0.82 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Comcast (CMCSA) Gains But Lags Market: What You Should Know
Comcast (CMCSA - Free Report) closed at $38.01 in the latest trading session, marking a +0.26% move from the prior day. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.62%.
Prior to today's trading, shares of the cable provider had gained 1.83% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.07% and the S&P 500's gain of 3.71% in that time.
Comcast will be looking to display strength as it nears its next earnings release, which is expected to be April 27, 2023. On that day, Comcast is projected to report earnings of $0.76 per share, which would represent a year-over-year decline of 11.63%. Meanwhile, our latest consensus estimate is calling for revenue of $29.92 billion, down 3.51% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.64 per share and revenue of $120.29 billion. These totals would mark changes of 0% and -0.94%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Comcast. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.77% lower. Comcast currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Comcast currently has a Forward P/E ratio of 10.42. Its industry sports an average Forward P/E of 12.29, so we one might conclude that Comcast is trading at a discount comparatively.
It is also worth noting that CMCSA currently has a PEG ratio of 0.82. 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. CMCSA's industry had an average PEG ratio of 0.82 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.