$26.65 Billion in Sales Expected for Comcast Co. (NASDAQ:CMCSA) This Quarter


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Equities research analysts predict that Comcast Co. (NASDAQ:CMCSA) will announce $26.65 billion in sales for the current quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for Comcast’s earnings. The highest sales estimate is $27.48 billion and the lowest is $25.53 billion. Comcast posted sales of $23.72 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The business is expected to report its next quarterly earnings results on Thursday, July 29th.

On average, analysts expect that Comcast will report full year sales of $112.12 billion for the current fiscal year, with estimates ranging from $110.27 billion to $113.66 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $119.58 billion, with estimates ranging from $116.42 billion to $121.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Comcast.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.17. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business had revenue of $27.21 billion during the quarter, compared to analysts’ expectations of $26.83 billion. During the same quarter last year, the business posted $0.77 EPS. The business’s revenue was up 2.2% on a year-over-year basis.

CMCSA has been the subject of a number of research analyst reports. Cowen upgraded Comcast from a “market perform” rating to an “outperform” rating and raised their target price for the company from $56.00 to $60.00 in a research note on Wednesday, February 3rd. Raymond James raised their target price on Comcast from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday. Benchmark raised their target price on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 9th. They noted that the move was a valuation call. Morgan Stanley raised their target price on Comcast from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, March 10th. Finally, Macquarie raised their target price on Comcast from $53.00 to $58.00 in a research note on Thursday, January 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $61.75.

In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of Comcast stock in a transaction on Friday, April 30th. The stock was sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Cordant Inc. boosted its stake in shares of Comcast by 4.9% during the 1st quarter. Cordant Inc. now owns 4,017 shares of the cable giant’s stock worth $217,000 after acquiring an additional 186 shares in the last quarter. WNY Asset Management LLC boosted its stake in Comcast by 4.8% in the 1st quarter. WNY Asset Management LLC now owns 4,224 shares of the cable giant’s stock worth $229,000 after buying an additional 194 shares during the last quarter. Rothschild Investment Corp IL grew its holdings in Comcast by 1.8% in the first quarter. Rothschild Investment Corp IL now owns 10,979 shares of the cable giant’s stock valued at $594,000 after purchasing an additional 199 shares during the period. Cypress Capital Group raised its stake in Comcast by 0.7% during the fourth quarter. Cypress Capital Group now owns 28,306 shares of the cable giant’s stock worth $1,484,000 after purchasing an additional 200 shares during the period. Finally, Marathon Capital Management grew its stake in shares of Comcast by 3.2% during the 4th quarter. Marathon Capital Management now owns 6,390 shares of the cable giant’s stock valued at $334,000 after buying an additional 200 shares during the period. 82.56% of the stock is owned by institutional investors and hedge funds.

NASDAQ CMCSA traded up $0.06 on Thursday, hitting $56.63. The company’s stock had a trading volume of 25,371,541 shares, compared to its average volume of 18,233,600. Comcast has a 52-week low of $34.17 and a 52-week high of $58.58. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.20. The company’s 50-day simple moving average is $55.07 and its 200 day simple moving average is $51.36. The firm has a market cap of $259.40 billion, a P/E ratio of 25.33, a PEG ratio of 1.69 and a beta of 0.99.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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