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.
Stay Ahead of the Game With Comcast (CMCSA) Q3 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Comcast (CMCSA - Free Report) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing a decline of 12.5% year over year. Revenues are projected to reach $29.35 billion, declining 5.9% from the same quarter last year.
The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Comcast metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenue- Connectivity & Platforms- Residential Connectivity & Platforms' to come in at $17.01 billion. The estimate indicates a change of -3.3% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Residential Connectivity & Platforms- Residential Connectivity- Domestic convergence- Domestic wireless service' at $1.04 billion. The estimate indicates a year-over-year change of -16.2%.
According to the collective judgment of analysts, 'Revenue- Residential Connectivity & Platforms- Video' should come in at $6.01 billion. The estimate indicates a year-over-year change of -8.9%.
The combined assessment of analysts suggests that 'Revenue- Connectivity & Platforms- Business Services Connectivity' will likely reach $2.66 billion. The estimate points to a change of +3.2% from the year-ago quarter.
The consensus among analysts is that 'Total Domestic Broadband Residential Customers' will reach 28.35 million. Compared to the current estimate, the company reported 28.90 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Domestic Wireless Lines' should arrive at 10.59 million. Compared to the present estimate, the company reported 8.94 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Total Domestic Video Customers' of 10.44 million. The estimate compares to the year-ago value of 11.52 million.
It is projected by analysts that the 'Net Additions / (Losses) - Total Domestic Wireless Lines' will reach 399.20 thousand. The estimate is in contrast to the year-ago figure of 414.00 thousand.
Analysts predict that the 'Customer Relationships - International Residential Connectivity & Platforms Customer Relationships' will reach 17.49 million. Compared to the present estimate, the company reported 17.60 million in the same quarter last year.
The consensus estimate for 'Customer Relationships - Total Residential Connectivity & Platforms Customer Relationships' stands at 47.54 million. Compared to the present estimate, the company reported 50.95 million in the same quarter last year.
Analysts' assessment points toward 'Customer Relationships - Domestic Residential Connectivity & Platforms Customer Relationships' reaching 30.04 million. Compared to the current estimate, the company reported 30.64 million in the same quarter of the previous year.
Analysts forecast 'Domestic Residential Passings' to reach 59.74 million. Compared to the present estimate, the company reported 64.64 million in the same quarter last year.
Comcast shares have witnessed a change of -3.7% in the past month, in contrast to the Zacks S&P 500 composite's +1.5% move. With a Zacks Rank #5 (Strong Sell), CMCSA is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Stay Ahead of the Game With Comcast (CMCSA) Q3 Earnings: Wall Street's Insights on Key Metrics
Analysts on Wall Street project that Comcast (CMCSA - Free Report) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing a decline of 12.5% year over year. Revenues are projected to reach $29.35 billion, declining 5.9% from the same quarter last year.
The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Comcast metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenue- Connectivity & Platforms- Residential Connectivity & Platforms' to come in at $17.01 billion. The estimate indicates a change of -3.3% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Residential Connectivity & Platforms- Residential Connectivity- Domestic convergence- Domestic wireless service' at $1.04 billion. The estimate indicates a year-over-year change of -16.2%.
According to the collective judgment of analysts, 'Revenue- Residential Connectivity & Platforms- Video' should come in at $6.01 billion. The estimate indicates a year-over-year change of -8.9%.
The combined assessment of analysts suggests that 'Revenue- Connectivity & Platforms- Business Services Connectivity' will likely reach $2.66 billion. The estimate points to a change of +3.2% from the year-ago quarter.
The consensus among analysts is that 'Total Domestic Broadband Residential Customers' will reach 28.35 million. Compared to the current estimate, the company reported 28.90 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Domestic Wireless Lines' should arrive at 10.59 million. Compared to the present estimate, the company reported 8.94 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Total Domestic Video Customers' of 10.44 million. The estimate compares to the year-ago value of 11.52 million.
It is projected by analysts that the 'Net Additions / (Losses) - Total Domestic Wireless Lines' will reach 399.20 thousand. The estimate is in contrast to the year-ago figure of 414.00 thousand.
Analysts predict that the 'Customer Relationships - International Residential Connectivity & Platforms Customer Relationships' will reach 17.49 million. Compared to the present estimate, the company reported 17.60 million in the same quarter last year.
The consensus estimate for 'Customer Relationships - Total Residential Connectivity & Platforms Customer Relationships' stands at 47.54 million. Compared to the present estimate, the company reported 50.95 million in the same quarter last year.
Analysts' assessment points toward 'Customer Relationships - Domestic Residential Connectivity & Platforms Customer Relationships' reaching 30.04 million. Compared to the current estimate, the company reported 30.64 million in the same quarter of the previous year.
Analysts forecast 'Domestic Residential Passings' to reach 59.74 million. Compared to the present estimate, the company reported 64.64 million in the same quarter last year.
View all Key Company Metrics for Comcast here>>>Comcast shares have witnessed a change of -3.7% in the past month, in contrast to the Zacks S&P 500 composite's +1.5% move. With a Zacks Rank #5 (Strong Sell), CMCSA is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .