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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 $41.36 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow lost 1.04%, and the Nasdaq, a tech-heavy index, added 0.67%.
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 $0.52, down 33.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.82 billion, down 11.3% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $102.95 billion, which would represent changes of -23.32% and -5.5%, respectively, from the prior year.
Any recent changes to analyst estimates for CMCSA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.13% lower. CMCSA is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note CMCSA's current valuation metrics, including its Forward P/E ratio of 17.59. For comparison, its industry has an average Forward P/E of 31.23, which means CMCSA is trading at a discount to the group.
Meanwhile, CMCSA's PEG ratio is currently 1.87. 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 industry currently had an average PEG ratio of 3.07 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Comcast (CMCSA) Dips More Than Broader Markets: What You Should Know
Comcast (CMCSA - Free Report) closed at $41.36 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow lost 1.04%, and the Nasdaq, a tech-heavy index, added 0.67%.
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 $0.52, down 33.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.82 billion, down 11.3% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $102.95 billion, which would represent changes of -23.32% and -5.5%, respectively, from the prior year.
Any recent changes to analyst estimates for CMCSA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.13% lower. CMCSA is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note CMCSA's current valuation metrics, including its Forward P/E ratio of 17.59. For comparison, its industry has an average Forward P/E of 31.23, which means CMCSA is trading at a discount to the group.
Meanwhile, CMCSA's PEG ratio is currently 1.87. 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 industry currently had an average PEG ratio of 3.07 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.