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Comcast (CMCSA) Suffers a Larger Drop Than the General Market: Key Insights
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Comcast (CMCSA - Free Report) ended the recent trading session at $24.41, demonstrating a -1.91% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.78%.
The cable provider's shares have seen a decrease of 2.7% over the last month, surpassing the Consumer Discretionary sector's loss of 4.05% and falling behind the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Comcast in its upcoming release. The company is predicted to post an EPS of $1.01, indicating a 9.82% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $29.65 billion, down 4.95% from the year-ago period.
CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3.52 per share and revenue of $120.93 billion. These results would represent year-over-year changes of -18.33% and -2.25%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, there's been no change in the Zacks Consensus EPS estimate. Right now, Comcast possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Comcast is currently being traded at a Forward P/E ratio of 7.07. This represents a premium compared to its industry average Forward P/E of 5.22.
It's also important to note that CMCSA currently trades at a PEG ratio of 1.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Cable Television industry was having an average PEG ratio of 0.71.
The Cable Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 238, placing it within the bottom 4% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
View the Zacks #1 Rank List
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Comcast (CMCSA) Suffers a Larger Drop Than the General Market: Key Insights
Comcast (CMCSA - Free Report) ended the recent trading session at $24.41, demonstrating a -1.91% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.78%.
The cable provider's shares have seen a decrease of 2.7% over the last month, surpassing the Consumer Discretionary sector's loss of 4.05% and falling behind the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Comcast in its upcoming release. The company is predicted to post an EPS of $1.01, indicating a 9.82% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $29.65 billion, down 4.95% from the year-ago period.
CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3.52 per share and revenue of $120.93 billion. These results would represent year-over-year changes of -18.33% and -2.25%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, there's been no change in the Zacks Consensus EPS estimate. Right now, Comcast possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Comcast is currently being traded at a Forward P/E ratio of 7.07. This represents a premium compared to its industry average Forward P/E of 5.22.
It's also important to note that CMCSA currently trades at a PEG ratio of 1.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Cable Television industry was having an average PEG ratio of 0.71.
The Cable Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 238, placing it within the bottom 4% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.