Latest news with #CMCSA
Yahoo
3 days ago
- Business
- Yahoo
Comcast (CMCSA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
The latest trading session saw Comcast (CMCSA) ending at $34.63, denoting a -0.92% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.56%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq lost 0.51%. Coming into today, shares of the cable provider had gained 2.98% in the past month. In that same time, the Consumer Discretionary sector gained 10.54%, while the S&P 500 gained 7.37%. The investment community will be paying close attention to the earnings performance of Comcast in its upcoming release. The company is predicted to post an EPS of $1.19, indicating a 1.65% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $29.89 billion, up 0.69% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.36 per share and a revenue of $122.2 billion, signifying shifts of +0.69% and -1.24%, respectively, from the last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Comcast. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Comcast possesses a Zacks Rank of #3 (Hold). Looking at valuation, Comcast is presently trading at a Forward P/E ratio of 8.02. This represents a discount compared to its industry's average Forward P/E of 9.21. Also, we should mention that CMCSA has a PEG ratio of 1.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Cable Television industry currently had an average PEG ratio of 0.45 as of yesterday's close. The Cable Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 35% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comcast Corporation (CMCSA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
3 days ago
- Business
- Globe and Mail
Comcast Stock (NASDAQ:CMCSA) Notches Up as Speculation About Charter Merger Remains
The landscape these days in streaming services, and the internet access that underpins them, is still very much a dynamic place with lots of changes, some of which do not even make much sense. But communications giant Comcast (CMCSA) is still front and center, as speculation about a merger between itself and Charter (CHTR) is still in play, despite a recent move from Charter that puts it in a better position to compete with Comcast. Regardless, Comcast gained nicely in Tuesday afternoon's trading, as shares gained nearly 1.5% in the session. Confident Investing Starts Here: More specifically, a lot of people are wondering about a connection between Comcast and the Spectrum brand. This is particularly odd given that Charter only recently set up a deal between itself and Cox Communications, valued at around $34.5 billion. This deal has taken some of the wind out of the sails of those who believe a Comcast / Charter deal is still in the cards. However, just because the Charter / Cox deal exists, reports note, does not mean that there is no future in a Comcast / Charter deal. After all, the linear television market is still a shambles thanks to the growth of streaming services, which means that even regulatory bodies may not look askance at two major operations getting together to fend off a souring overall market. It also does not hurt that the two are already in cooperation with each other with the Xumo streaming platform. A New Baseball Deal Comcast, however, is hardly putting all its eggs in one basket as far as that purely hypothetical deal goes. Reports note that the Texas Rangers baseball team has tapped Comcast to serve as the Managed Channel Origination (MCO) platform for the Rangers Sports Network, a regional sports network controlled by the team. The network in question handles both production and distribution of game broadcasts, reports note, while also handling staffing efforts behind the scenes, among other things. Senior Vice President of Broadcast for the Texas Rangers, Angie Swint, noted 'Their (Comcast's) expertise in managed services and comprehensive broadcast solutions enables us to focus on delivering an unparalleled experience for Rangers fans, while also providing us with more control over our distribution channels and future growth.' Is Comcast Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on CMCSA stock based on nine Buys, nine Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 9.26% loss in its share price over the past year, the average CMCSA price target of $40.86 per share implies 16.78% upside potential. See more CMCSA analyst ratings Disclosure
Yahoo
5 days ago
- Business
- Yahoo
KeyBanc Reiterates Overweight Rating on Comcast (CMCSA), Highlights EPIC Universe Potential
KeyBanc Capital Markets reiterated its optimistic assessment of Comcast Corporation (NASDAQ:CMCSA) on May 24, keeping its Overweight rating and $45 price target. Analyst Brandon Nispel revised the company's financial model to include comprehensive projections for Comcast's future theme park, EPIC Universe. Copyright: jetcityimage / 123RF Stock Photo Nispel's analysis indicates that EPIC Universe could produce impressive results by 2026, with operating cash flow exceeding $600 million and revenues surpassing $1.75 billion, contributing significantly to Comcast's Content and Experiences division. The addition of EPIC Universe is expected to improve the financial performance of Comcast's Content and Experiences segment, which consists of a number of media and entertainment properties. Nispel also stated that he was confident in the enterprise value of Comcast's theme park division, which he estimated to be approximately $40 billion. He pointed out that, at the current share price, investors effectively get the Theme Park business for free, along with the rest of Comcast's media operations. While we acknowledge the potential of CMCSA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about the cheapest AI stock. Read Next: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Comcast's NBCUniversal Eyes MLB Rights To Bolster Streaming Service
Faced with a slowing broadband business and divestment of cable units, Comcast Corporation (NASDAQ:CMCSA) is already looking into the future. On May 21, NBCUniversal, a subsidiary of Comcast, placed a bid to acquire Major League Baseball (MLB) rights previously held by ESPN. Jonathan Weiss / The offer is reportedly lower than ESPN's former $550 million annual deal, according to The Wall Street Journal. ESPN exited the agreement early in February, ending a 35-year partnership with MLB and opening the rights for new bidders. NBC's proposal, submitted earlier this month, follows weeks of negotiations. If successful, NBC plans to air Sunday night games, a slot ESPN has held since 1990, and stream them on Peacock. The company is also eyeing rights to the first round of the postseason and the annual Home Run Derby. The push for live games on Peacock streaming services comes as Comcast feels pressure on its broadband business. The company lost 199,000 domestic broadband customers in the first quarter of 2025 due to stiff competition. The push for MLB streaming rights also comes on Comcast spinning off most of its cable network portfolio. Versant is the new owner of USA, CNBC, MSNBC, and Golf Channel, cable units that Comcast initially owned. NBCUniversal has since been left with streaming service Peacock Universal Studios and Theme parks. While we acknowledge the potential of Comcast Corporation (NASDAQ:CMCSA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
Comcast's NBCUniversal Eyes MLB Rights To Bolster Streaming Service
Faced with a slowing broadband business and divestment of cable units, Comcast Corporation (NASDAQ:CMCSA) is already looking into the future. On May 21, NBCUniversal, a subsidiary of Comcast, placed a bid to acquire Major League Baseball (MLB) rights previously held by ESPN. Jonathan Weiss / The offer is reportedly lower than ESPN's former $550 million annual deal, according to The Wall Street Journal. ESPN exited the agreement early in February, ending a 35-year partnership with MLB and opening the rights for new bidders. NBC's proposal, submitted earlier this month, follows weeks of negotiations. If successful, NBC plans to air Sunday night games, a slot ESPN has held since 1990, and stream them on Peacock. The company is also eyeing rights to the first round of the postseason and the annual Home Run Derby. The push for live games on Peacock streaming services comes as Comcast feels pressure on its broadband business. The company lost 199,000 domestic broadband customers in the first quarter of 2025 due to stiff competition. The push for MLB streaming rights also comes on Comcast spinning off most of its cable network portfolio. Versant is the new owner of USA, CNBC, MSNBC, and Golf Channel, cable units that Comcast initially owned. NBCUniversal has since been left with streaming service Peacock Universal Studios and Theme parks. While we acknowledge the potential of Comcast Corporation (NASDAQ:CMCSA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
