We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Comcast (CMCSA) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
The most recent trading session ended with Comcast (CMCSA - Free Report) standing at $36.27, reflecting a +2% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 1.78%. Elsewhere, the Dow lost 0.99%, while the tech-heavy Nasdaq lost 2.61%.
The cable provider's shares have seen an increase of 4.77% over the last month, surpassing the Consumer Discretionary sector's loss of 1.66% and the S&P 500's loss of 3.48%.
Analysts and investors alike will be keeping a close eye on the performance of Comcast in its upcoming earnings disclosure. The company is expected to report EPS of $1.01, down 2.88% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $29.86 billion, down 0.66% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.35 per share and a revenue of $122.86 billion, signifying shifts of +0.46% and -0.7%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.06% decrease. Comcast presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Comcast currently has a Forward P/E ratio of 8.17. For comparison, its industry has an average Forward P/E of 8.17, which means Comcast is trading at no noticeable deviation to the group.
We can also see that CMCSA currently has a PEG ratio of 1.73. 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. As the market closed yesterday, the Cable Television industry was having an average PEG ratio of 1.68.
The Cable Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 36% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Comcast (CMCSA) Ascends While Market Falls: Some Facts to Note
The most recent trading session ended with Comcast (CMCSA - Free Report) standing at $36.27, reflecting a +2% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 1.78%. Elsewhere, the Dow lost 0.99%, while the tech-heavy Nasdaq lost 2.61%.
The cable provider's shares have seen an increase of 4.77% over the last month, surpassing the Consumer Discretionary sector's loss of 1.66% and the S&P 500's loss of 3.48%.
Analysts and investors alike will be keeping a close eye on the performance of Comcast in its upcoming earnings disclosure. The company is expected to report EPS of $1.01, down 2.88% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $29.86 billion, down 0.66% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.35 per share and a revenue of $122.86 billion, signifying shifts of +0.46% and -0.7%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.06% decrease. Comcast presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Comcast currently has a Forward P/E ratio of 8.17. For comparison, its industry has an average Forward P/E of 8.17, which means Comcast is trading at no noticeable deviation to the group.
We can also see that CMCSA currently has a PEG ratio of 1.73. 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. As the market closed yesterday, the Cable Television industry was having an average PEG ratio of 1.68.
The Cable Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 36% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.