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Comcast (CMCSA) Gains As Market Dips: What You Should Know
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In the latest trading session, Comcast (CMCSA - Free Report) closed at $39.83, marking a +0.66% move from the previous day. This change outpaced the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.11%.
Prior to today's trading, shares of the cable provider had lost 10.39% over the past month. This has lagged the Consumer Discretionary sector's loss of 0.5% and the S&P 500's loss of 0.62% in that time.
Investors will be hoping for strength from Comcast as it approaches its next earnings release, which is expected to be July 28, 2022. On that day, Comcast is projected to report earnings of $0.91 per share, which would represent year-over-year growth of 8.33%. Meanwhile, our latest consensus estimate is calling for revenue of $29.92 billion, up 4.83% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.62 per share and revenue of $122.9 billion. These totals would mark changes of +12.07% and +5.6%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Comcast. These revisions help to show the ever-changing nature of near-term business trends. 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. Within the past 30 days, our consensus EPS projection has moved 0.1% higher. Comcast currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Comcast has a Forward P/E ratio of 10.94 right now. This represents a discount compared to its industry's average Forward P/E of 16.17.
We can also see that CMCSA currently has a PEG ratio of 0.82. 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 was holding an average PEG ratio of 1.05 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 109, which puts it in the top 44% 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) Gains As Market Dips: What You Should Know
In the latest trading session, Comcast (CMCSA - Free Report) closed at $39.83, marking a +0.66% move from the previous day. This change outpaced the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.11%.
Prior to today's trading, shares of the cable provider had lost 10.39% over the past month. This has lagged the Consumer Discretionary sector's loss of 0.5% and the S&P 500's loss of 0.62% in that time.
Investors will be hoping for strength from Comcast as it approaches its next earnings release, which is expected to be July 28, 2022. On that day, Comcast is projected to report earnings of $0.91 per share, which would represent year-over-year growth of 8.33%. Meanwhile, our latest consensus estimate is calling for revenue of $29.92 billion, up 4.83% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.62 per share and revenue of $122.9 billion. These totals would mark changes of +12.07% and +5.6%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Comcast. These revisions help to show the ever-changing nature of near-term business trends. 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. Within the past 30 days, our consensus EPS projection has moved 0.1% higher. Comcast currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Comcast has a Forward P/E ratio of 10.94 right now. This represents a discount compared to its industry's average Forward P/E of 16.17.
We can also see that CMCSA currently has a PEG ratio of 0.82. 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 was holding an average PEG ratio of 1.05 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 109, which puts it in the top 44% 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.