Comcast (CMCSA - Free Report) closed the most recent trading day at $41.45, moving +0.56% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Prior to today's trading, shares of the cable provider had lost 3.94% over the past month. This has lagged the Consumer Discretionary sector's loss of 1.55% and the S&P 500's gain of 0.33% in that time.
CMCSA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.75, up 15.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.55 billion, up 26.73% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.02 per share and revenue of $111.67 billion, which would represent changes of +18.43% and +18.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CMCSA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 0.76% 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 13.66 right now. For comparison, its industry has an average Forward P/E of 29.57, which means CMCSA is trading at a discount to the group.
Investors should also note that CMCSA has a PEG ratio of 1.15 right now. 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. The Cable Television was holding an average PEG ratio of 2.19 at yesterday's closing price.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 35% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.