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Comcast (CMCSA) Dips More Than Broader Markets: What You Should Know

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Comcast (CMCSA - Free Report) closed at $41.05 in the latest trading session, marking a -1.65% move from the prior day. This change lagged the S&P 500's 1.32% loss on the day. Meanwhile, the Dow lost 1.41%, and the Nasdaq, a tech-heavy index, lost 1.51%.

Coming into today, shares of the cable provider had lost 2.13% in the past month. In that same time, the Consumer Discretionary sector lost 5.95%, while the S&P 500 lost 5.09%.

Wall Street will be looking for positivity from CMCSA as it approaches its next earnings report date. The company is expected to report EPS of $0.74, up 13.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.58 billion, up 26.89% from the year-ago period.

CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3 per share and revenue of $111.76 billion. These results would represent year-over-year changes of +17.65% and +18.25%, respectively.

Any recent changes to analyst estimates for CMCSA should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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.

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, the Zacks Consensus EPS estimate has moved 0.04% higher. CMCSA is currently a Zacks Rank #2 (Buy).

Looking at its valuation, CMCSA is holding a Forward P/E ratio of 13.93. For comparison, its industry has an average Forward P/E of 28, which means CMCSA is trading at a discount to the group.

Meanwhile, CMCSA's PEG ratio is currently 1.18. 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. The Cable Television was holding an average PEG ratio of 2.17 at yesterday's closing price.

The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 183, putting it in the bottom 29% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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