October 2, 2022

sopres silver

The finest in business

.83 Billion in Sales Expected for Comcast Co. (NASDAQ:CMCSA) This Quarter

$29.83 Billion in Sales Expected for Comcast Co. (NASDAQ:CMCSA) This Quarter

Equities research analysts expect that Comcast Co. (NASDAQ:CMCSA) will announce $29.83 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have issued estimates for Comcast’s earnings, with the highest sales estimate coming in at $32.72 billion and the lowest estimate coming in at $29.10 billion. Comcast posted sales of $27.71 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The company is scheduled to issue its next earnings results before the market opens on Thursday, January 27th.

On average, analysts expect that Comcast will report full-year sales of $115.89 billion for the current year, with estimates ranging from $115.14 billion to $118.77 billion. For the next year, analysts anticipate that the business will post sales of $122.93 billion, with estimates ranging from $117.62 billion to $130.47 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Comcast.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12. The company had revenue of $30.30 billion for the quarter, compared to the consensus estimate of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. Comcast’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share.

CMCSA has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Comcast from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, November 1st. Wells Fargo & Company reduced their price target on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, October 8th. BNP Paribas initiated coverage on shares of Comcast in a research report on Monday, September 27th. They issued an “outperform” rating and a $72.00 price objective on the stock. TD Securities cut their price objective on shares of Comcast from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Finally, UBS Group cut their price objective on shares of Comcast from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $63.88.

(Ad)

Whether you’re looking to learn the basics of futures or are a seasoned vet looking to hone your trading skills, our Technical Analysis Guide has everything you need to succeed in today’s futures markets!

Shares of CMCSA stock opened at $50.22 on Thursday. The company’s fifty day simple moving average is $51.10 and its 200-day simple moving average is $55.23. The company has a market cap of $229.45 billion, a PE ratio of 16.20, a P/E/G ratio of 1.05 and a beta of 0.94. Comcast has a 52 week low of $46.29 and a 52 week high of $61.80. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, January 4th. Comcast’s dividend payout ratio is presently 32.26%.

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its holdings in Comcast by 94.2% during the third quarter. Nordea Investment Management AB now owns 34,813,980 shares of the cable giant’s stock worth $1,978,130,000 after buying an additional 16,883,869 shares during the period. FMR LLC grew its position in Comcast by 12.0% during the 2nd quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock worth $6,425,236,000 after purchasing an additional 12,066,751 shares during the period. Viking Global Investors LP acquired a new stake in Comcast during the 3rd quarter worth about $569,179,000. Capital Research Global Investors lifted its stake in Comcast by 5.7% in the 3rd quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock valued at $8,025,044,000 after buying an additional 7,794,333 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Comcast by 27.4% in the 2nd quarter. Invesco Ltd. now owns 34,835,280 shares of the cable giant’s stock valued at $1,986,305,000 after buying an additional 7,499,137 shares in the last quarter. Institutional investors own 82.48% of the company’s stock.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

Featured Article: CD Ladder

Get a free copy of the Zacks research report on Comcast (CMCSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Comcast right now?

Before you consider Comcast, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Comcast wasn’t on the list.

While Comcast currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here