Market Overview

Comcast's Earnings: A Preview

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On Thursday, July 30, Comcast (NASDAQ: CMCSA) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Analysts predict Comcast will report earnings of $0.55 per share on revenue of $23.58 billion. In the same quarter last year, Comcast reported earnings per share of $0.780 on revenue of $26.86 billion. The Wall Street estimate would represent a 29.49% decline in the company's earnings. Sales would have fallen 11.85% from the same quarter last year. Here's how the Comcast's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.68 0.76 0.74 0.75
EPS Actual 0.71 0.79 0.79 0.78
Revenue Estimate 26.75 B 28.17 B 26.79 B 27.08 B
Revenue Actual 26.61 B 28.40 B 26.83 B 26.86 B

Stock Performance

Shares of Comcast were trading at $43.21 as of July 29. Over the last 52-week period, shares are up 1.98%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Comcast is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/q73bjjyy

 

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Posted-In: Earnings