In the latest trading session, Comcast (CMCSA - Free Report) closed at $41.04, marking a -0.1% move from the previous day. This change lagged the S&P 500's 0% on the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.21%.
Prior to today's trading, shares of the cable provider had gained 3.84% over the past month. This has lagged the Consumer Discretionary sector's gain of 4.09% and the S&P 500's gain of 5.49% in that time.
CMCSA will be looking to display strength as it nears its next earnings release, which is expected to be April 25, 2019. In that report, analysts expect CMCSA to post earnings of $0.65 per share. This would mark year-over-year growth of 4.84%. Our most recent consensus estimate is calling for quarterly revenue of $27.30 billion, up 19.8% from the year-ago period.
CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $2.80 per share and revenue of $112.45 billion. These results would represent year-over-year changes of +9.8% and +18.98%, respectively.
Investors might also notice recent changes to analyst estimates for CMCSA. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.66% higher. CMCSA currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that CMCSA has a Forward P/E ratio of 14.65 right now. This represents a discount compared to its industry's average Forward P/E of 26.49.
We can also see that CMCSA currently has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Cable Television was holding an average PEG ratio of 2.14 at yesterday's closing price.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.