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Comcast (CMCSA) Increases Despite Market Slip: Here's What You Need to Know
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The most recent trading session ended with Comcast (CMCSA - Free Report) standing at $43.28, reflecting a +0.22% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.19% loss on the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.
Shares of the cable provider witnessed a gain of 3.19% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 0.15% and the S&P 500's gain of 3.18%.
The investment community will be closely monitoring the performance of Comcast in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.99, reflecting a 7.61% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $29.93 billion, indicating a 0.81% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.31 per share and a revenue of $124.49 billion, indicating changes of +8.29% and +2.4%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Comcast. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.33% higher within the past month. Comcast is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Comcast is at present trading with a Forward P/E ratio of 10.02. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 10.02.
It's also important to note that CMCSA currently trades at a PEG ratio of 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Cable Television stocks are, on average, holding a PEG ratio of 0.7 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 221, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with Comcast (CMCSA - Free Report) standing at $43.28, reflecting a +0.22% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.19% loss on the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.
Shares of the cable provider witnessed a gain of 3.19% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 0.15% and the S&P 500's gain of 3.18%.
The investment community will be closely monitoring the performance of Comcast in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.99, reflecting a 7.61% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $29.93 billion, indicating a 0.81% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.31 per share and a revenue of $124.49 billion, indicating changes of +8.29% and +2.4%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Comcast. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.33% higher within the past month. Comcast is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Comcast is at present trading with a Forward P/E ratio of 10.02. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 10.02.
It's also important to note that CMCSA currently trades at a PEG ratio of 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Cable Television stocks are, on average, holding a PEG ratio of 0.7 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 221, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.