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Compared to Estimates, Comcast (CMCSA) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Comcast (CMCSA - Free Report) reported revenue of $32.07 billion, up 6.5% over the same period last year. EPS came in at $1.12, compared to $1.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $31.8 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of +5.66%, with the consensus EPS estimate being $1.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Comcast performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Customer relationships - Domestic Residential Connectivity & Platforms Customer Relationships: 31.32 million compared to the 31.28 million average estimate based on three analysts.
Customer relationships - International Residential Connectivity & Platforms Customer Relationships: 17.72 million compared to the 17.65 million average estimate based on three analysts.
Total Domestic Video Customers: 12.83 million compared to the 12.79 million average estimate based on three analysts.
Domestic Broadband - Residential Customers - Net Additions / (Losses): -79 thousand compared to the -132.5 thousand average estimate based on three analysts.
Revenue- Business Services Connectivity: $2.43 billion versus the five-analyst average estimate of $2.43 billion. The reported number represents a year-over-year change of +4.5%.
Revenue- Residential Connectivity & Platforms- Total: $17.87 billion versus $17.76 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
Revenue- Residential Connectivity & Platforms- Domestic Wireless: $1.09 billion versus $1.06 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.2% change.
Revenue- Residential Connectivity & Platforms- International Connectivity: $1.24 billion compared to the $1.17 billion average estimate based on five analysts. The reported number represents a change of +11.5% year over year.
Revenue- Residential Connectivity & Platforms- Other: $1.30 billion versus $1.33 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
Revenue- Residential Connectivity & Platforms- Domestic Broadband: $6.54 billion versus the five-analyst average estimate of $6.53 billion. The reported number represents a year-over-year change of +2.7%.
Revenue- Connectivity & Platforms- Total: $20.29 billion versus $20.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
Revenue- Residential Connectivity & Platforms- Video: $6.71 billion versus the five-analyst average estimate of $6.64 billion. The reported number represents a year-over-year change of -6.2%.
Shares of Comcast have returned +2.3% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Comcast (CMCSA) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Comcast (CMCSA - Free Report) reported revenue of $32.07 billion, up 6.5% over the same period last year. EPS came in at $1.12, compared to $1.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $31.8 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of +5.66%, with the consensus EPS estimate being $1.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Comcast performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Customer relationships - Domestic Residential Connectivity & Platforms Customer Relationships: 31.32 million compared to the 31.28 million average estimate based on three analysts.
- Customer relationships - International Residential Connectivity & Platforms Customer Relationships: 17.72 million compared to the 17.65 million average estimate based on three analysts.
- Total Domestic Video Customers: 12.83 million compared to the 12.79 million average estimate based on three analysts.
- Domestic Broadband - Residential Customers - Net Additions / (Losses): -79 thousand compared to the -132.5 thousand average estimate based on three analysts.
- Revenue- Business Services Connectivity: $2.43 billion versus the five-analyst average estimate of $2.43 billion. The reported number represents a year-over-year change of +4.5%.
- Revenue- Residential Connectivity & Platforms- Total: $17.87 billion versus $17.76 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
- Revenue- Residential Connectivity & Platforms- Domestic Wireless: $1.09 billion versus $1.06 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.2% change.
- Revenue- Residential Connectivity & Platforms- International Connectivity: $1.24 billion compared to the $1.17 billion average estimate based on five analysts. The reported number represents a change of +11.5% year over year.
- Revenue- Residential Connectivity & Platforms- Other: $1.30 billion versus $1.33 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
- Revenue- Residential Connectivity & Platforms- Domestic Broadband: $6.54 billion versus the five-analyst average estimate of $6.53 billion. The reported number represents a year-over-year change of +2.7%.
- Revenue- Connectivity & Platforms- Total: $20.29 billion versus $20.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
- Revenue- Residential Connectivity & Platforms- Video: $6.71 billion versus the five-analyst average estimate of $6.64 billion. The reported number represents a year-over-year change of -6.2%.
View all Key Company Metrics for Comcast here>>>Shares of Comcast have returned +2.3% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.