Comcast (CMCSA - Free Report) closed at $42.57 in the latest trading session, marking a +1.43% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.23%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the cable provider had gained 5.51% over the past month. This has outpaced the Consumer Discretionary sector's gain of 3.93% and the S&P 500's gain of 3.16% in that time.
Investors will be hoping for strength from CMCSA as it approaches its next earnings release, which is expected to be April 25, 2019. On that day, CMCSA is projected to report earnings of $0.66 per share, which would represent year-over-year growth of 6.45%. Our most recent consensus estimate is calling for quarterly revenue of $27.31 billion, up 19.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.84 per share and revenue of $112.46 billion. These totals would mark changes of +11.37% and +19%, respectively, from last year.
Any recent changes to analyst estimates for CMCSA should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 3.5% higher. CMCSA is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that CMCSA has a Forward P/E ratio of 14.77 right now. For comparison, its industry has an average Forward P/E of 24.08, which means CMCSA is trading at a discount to the group.
We can also see that CMCSA currently has a PEG ratio of 1.17. 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. CMCSA's industry had an average PEG ratio of 2.09 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.