Wednesday, July 30, 2014

Comcast Corp Fourth Quarter Earnings Sneak Peek

S&P 500 component Comcast Corp will unveil its latest earnings on Wednesday, February 15, 2012. Comcast provides cable and communications services to residential and commercial customers.

Comcast Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 42 cents per share, a rise of 23.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $1.52 per share, a rise of 16% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 7 cents, coming in at profit of 33 cents per share versus a mean estimate of net income of 40 cents per share. In the second quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $14.87 billion in revenue this quarter, a rise of 53% from the year-ago quarter. Analysts are forecasting total revenue of $56.53 billion for the year, a rise of 49% from last year’s revenue of $37.94 billion.

Analyst Ratings: Analysts are bullish on this stock, with 17 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose 4.7% to $908 million (33 cents a share) from $867 million (31 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 51.1% to $14.34 billion from $9.49 billion.

Key Stats:

For three consecutive quarters, the comapny has seen net income rise. Net income rose 15.6% in the second quarter and 8.9% in the first quarter.

Revenue has increased in each of the past four quarters. Revenue rose 50.5% in the second quarter from the year earlier, climbed 31.8% in the first quarter from the year-ago quarter and 5.9% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 11, 2011 and February 9, 2012, the stock price rose $5.05 (22.5%), from $22.41 to $27.46. The stock price saw one of its best stretches over the last year between January 24, 2012 and February 1, 2012, when shares rose for seven straight days, increasing 3.8% (+99 cents) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight days, dropping 6.4% (-$1.62) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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