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Comcast (CMCSA) Stock Moves -0.82%: What You Should Know
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Comcast (CMCSA - Free Report) closed the most recent trading day at $45.02, moving -0.82% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.3%. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.45%.
Heading into today, shares of the cable provider had lost 7.22% over the past month, outpacing the Consumer Discretionary sector's loss of 10.95% and lagging the S&P 500's loss of 5.33% in that time.
Investors will be hoping for strength from Comcast as it approaches its next earnings release. On that day, Comcast is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 9.21%. Our most recent consensus estimate is calling for quarterly revenue of $30.43 billion, up 11.85% from the year-ago period.
CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3.56 per share and revenue of $122.37 billion. These results would represent year-over-year changes of +10.22% and +5.15%, respectively.
Any recent changes to analyst estimates for Comcast should also be noted by investors. Recent revisions tend to reflect the latest near-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 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. The Zacks Consensus EPS estimate has moved 0.36% lower within the past month. Comcast is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Comcast's current valuation metrics, including its Forward P/E ratio of 12.75. Its industry sports an average Forward P/E of 17.93, so we one might conclude that Comcast is trading at a discount comparatively.
We can also see that CMCSA currently has a PEG ratio of 0.96. 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. Cable Television stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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.
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Comcast (CMCSA) Stock Moves -0.82%: What You Should Know
Comcast (CMCSA - Free Report) closed the most recent trading day at $45.02, moving -0.82% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.3%. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.45%.
Heading into today, shares of the cable provider had lost 7.22% over the past month, outpacing the Consumer Discretionary sector's loss of 10.95% and lagging the S&P 500's loss of 5.33% in that time.
Investors will be hoping for strength from Comcast as it approaches its next earnings release. On that day, Comcast is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 9.21%. Our most recent consensus estimate is calling for quarterly revenue of $30.43 billion, up 11.85% from the year-ago period.
CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3.56 per share and revenue of $122.37 billion. These results would represent year-over-year changes of +10.22% and +5.15%, respectively.
Any recent changes to analyst estimates for Comcast should also be noted by investors. Recent revisions tend to reflect the latest near-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 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. The Zacks Consensus EPS estimate has moved 0.36% lower within the past month. Comcast is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Comcast's current valuation metrics, including its Forward P/E ratio of 12.75. Its industry sports an average Forward P/E of 17.93, so we one might conclude that Comcast is trading at a discount comparatively.
We can also see that CMCSA currently has a PEG ratio of 0.96. 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. Cable Television stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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.