We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Comcast (CMCSA - Free Report) is the largest cable MSO (multi service operator) in the U.S. and a leading media and entertainment company. The company provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. In addition the company provides filmed entertainment, cable networks, broadcast TV services, and operates theme parks.
Comcast's decision to venture into the U.S. wireless space bodes well with its diversified business model. It has completed the nationwide rollout of its wireless services under the Xfinity Mobile brand, along with plans to include YouTube in its X1 video platform. Further, Comcast has started the nationwide rollout of the DOCSIS 3.1 technology, with its latest xFi Advanced Gateway.
Meanwhile, Comcast is venturing into residential solar programs with a 40-month deal with Sunrun. The company is working towards 5G network deployment. Comcast continues to expand its theme park business. With this, Comcast aims to check customer churn and provide viewers with more streaming options.
On the other hand, we are concerned about Comcast’s operation in a saturated and competitive multi-channel U.S. video market. Like other cable operators, the company continues to lose video subscribers due to cord-cutting. We also view the high debt level, consolidation-related woes, mounting programming costs as potential hazards.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Comcast’s adjusted earnings came in at 62 cents per share, which beat the Zacks Consensus Estimate by three cents.
Revenues: Revenues of $22.79 billion beat the Zacks Consensus Estimate of $22.72 billion and grew 10.7% on a year-over-year basis.
Key Stats: Total high-speed Internet customer net additions were 379K, while total security and automation customer net additions were 46K. However, total video customer net losses were 96K. Also, total voice customer net losses were 54K.
Stock Price: Shares were down 1.05% in the pre-market trading session.
Check back later for our full write up on this Comcast earnings report later!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Comcast (CMCSA) Beat Q1 Earnings, Revenues Up Y/Y
Comcast (CMCSA - Free Report) is the largest cable MSO (multi service operator) in the U.S. and a leading media and entertainment company. The company provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. In addition the company provides filmed entertainment, cable networks, broadcast TV services, and operates theme parks.
Comcast's decision to venture into the U.S. wireless space bodes well with its diversified business model. It has completed the nationwide rollout of its wireless services under the Xfinity Mobile brand, along with plans to include YouTube in its X1 video platform. Further, Comcast has started the nationwide rollout of the DOCSIS 3.1 technology, with its latest xFi Advanced Gateway.
Meanwhile, Comcast is venturing into residential solar programs with a 40-month deal with Sunrun. The company is working towards 5G network deployment. Comcast continues to expand its theme park business. With this, Comcast aims to check customer churn and provide viewers with more streaming options.
On the other hand, we are concerned about Comcast’s operation in a saturated and competitive multi-channel U.S. video market. Like other cable operators, the company continues to lose video subscribers due to cord-cutting. We also view the high debt level, consolidation-related woes, mounting programming costs as potential hazards.
Zacks Rank: Currently, Comcast has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Comcast’s adjusted earnings came in at 62 cents per share, which beat the Zacks Consensus Estimate by three cents.
Revenues: Revenues of $22.79 billion beat the Zacks Consensus Estimate of $22.72 billion and grew 10.7% on a year-over-year basis.
Key Stats: Total high-speed Internet customer net additions were 379K, while total security and automation customer net additions were 46K. However, total video customer net losses were 96K. Also, total voice customer net losses were 54K.
Comcast Corporation Price
Comcast Corporation Price | Comcast Corporation Quote
Stock Price: Shares were down 1.05% in the pre-market trading session.
Check back later for our full write up on this Comcast earnings report later!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>