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.
The Zacks Consensus Estimate for second-quarter 2023 revenues is pegged at $30.25 billion, indicating growth of 0.77% from the year-ago quarter’s reported figure.
The consensus mark for earnings has declined 2% to 98 cents per share in the past 30 days, suggesting a fall of 2.97% from the figure reported in the year-ago quarter.
Comcast’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 9.75%.
Let’s see how things have shaped up for the upcoming announcement.
Factors at Play
Comcast’s top line in the to-be-reported quarter is expected to reflect a slowing broadband subscriber base due to the reversal of pandemic trends and increased competition from fixed wireless and fiber-based wireline networks.
The company’s wireless business added 355K lines in the first quarter of 2023. The momentum is expected to have continued in the second quarter.
Comcast’s business services segment is expected to have benefited from an expanding clientele, thanks to an advanced and adaptable network infrastructure.
The Theme Park business is also likely to have benefited from strong occupancy rates in parks in Osaka, Beijing, Orlando and Super Nintendo World in Hollywood.
Moreover, Comcast is expected to have benefited from robust movie offerings on Peacock. NBCUniversal ("NBCU") has a strong content portfolio, driven by popular TV shows like Saturday Night Live. It also has an impeccable lineup of sports content, including Sunday Night Football, Premier League and Big 10, as well as streaming originals like Poker Face.
NBCU witnessed encouraging results in the first quarter of 2023, wherein paid subscribers and engagement levels rose to roughly 20 hours per subscriber per month, fueling strong growth in advertising revenues.
At the end of the first quarter, Peacock had nearly 22 million paid subscribers. Peacock revenues surged 45% to $685 million in the first 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. That’s the exact case here.
Comcast has an Earnings ESP of +0.22% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some other stocks you can consider, as our model shows that these too have the right combination of elements to post an earnings beat:
Image: Bigstock
Comcast (CMCSA) to Report Q2 Earnings: What's in the Cards?
Comcast (CMCSA - Free Report) is set to report its second-quarter 2023 results on Jul 27, 2023.
The Zacks Consensus Estimate for second-quarter 2023 revenues is pegged at $30.25 billion, indicating growth of 0.77% from the year-ago quarter’s reported figure.
The consensus mark for earnings has declined 2% to 98 cents per share in the past 30 days, suggesting a fall of 2.97% from the figure reported in the year-ago quarter.
Comcast’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 9.75%.
Comcast Corporation Price and EPS Surprise
Comcast Corporation price-eps-surprise | Comcast Corporation Quote
Let’s see how things have shaped up for the upcoming announcement.
Factors at Play
Comcast’s top line in the to-be-reported quarter is expected to reflect a slowing broadband subscriber base due to the reversal of pandemic trends and increased competition from fixed wireless and fiber-based wireline networks.
The company’s wireless business added 355K lines in the first quarter of 2023. The momentum is expected to have continued in the second quarter.
Comcast’s business services segment is expected to have benefited from an expanding clientele, thanks to an advanced and adaptable network infrastructure.
The Theme Park business is also likely to have benefited from strong occupancy rates in parks in Osaka, Beijing, Orlando and Super Nintendo World in Hollywood.
Moreover, Comcast is expected to have benefited from robust movie offerings on Peacock. NBCUniversal ("NBCU") has a strong content portfolio, driven by popular TV shows like Saturday Night Live. It also has an impeccable lineup of sports content, including Sunday Night Football, Premier League and Big 10, as well as streaming originals like Poker Face.
NBCU witnessed encouraging results in the first quarter of 2023, wherein paid subscribers and engagement levels rose to roughly 20 hours per subscriber per month, fueling strong growth in advertising revenues.
At the end of the first quarter, Peacock had nearly 22 million paid subscribers. Peacock revenues surged 45% to $685 million in the first 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. That’s the exact case here.
Comcast has an Earnings ESP of +0.22% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some other stocks you can consider, as our model shows that these too have the right combination of elements to post an earnings beat:
Townsquare (TSQ - Free Report) has an Earnings ESP of +4.17% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
TSQ is set to announce its second-quarter 2023 results on Aug 9, 2023. Townsquare shares have gained 65.7% year to date.
Electronic Arts (EA - Free Report) has an Earnings ESP of +2.54% and a Zacks Rank #2.
EA is set to announce its first-quarter fiscal 2024 results on Aug 1, 2023. EA’s shares have gained 12.2% year to date.
Nexstar Media (NXST - Free Report) has an Earnings ESP of +4.86% and a Zacks Rank #1.
NXST is set to announce its second-quarter 2023 results on Aug 8, 2023. Nexstar shares have gained 3% year to date.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.