Comcast (CMCSA) Gains As Market Dips: What You Should Know

This story originally appeared on Zacks

Comcast (CMCSA) closed the last trading day at $50.52, up 0.94% from the previous trading session. This change outpaced the S&P 500’s loss rate of 0.14% today. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.01%.

– Zacks

Heading into the day, the cable provider’s shares are up 3.3% over the past month, outpacing the consumer discretionary sector’s 3.63% loss and the S&P 500’s 0.13% loss in that time.

Wall Street will be looking for positivity from Comcast as it approaches the next earnings report date. This is expected to be on January 27, 2022. The company is expected to report earnings per share of $0.74, an increase of 32.14% over the previous quarter. Our latest consensus estimate calls for quarterly revenue of $29.83 billion, up 7.66% from the same period last year.

Any recent changes to analyst estimates for Comcast should also be noted by investors. These reviews usually reflect the latest short-term business trends, which can change frequently. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.

Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. More in a month Last, Zacks Consensus EPS was down 0.13%. Comcast is currently Zacks Ranking #3 (Hold).

Valuation is also important, so investors should note that Comcast has a forward P/E ratio of 13.5 at the moment. This valuation represents a discount compared to the industry’s forward P/E average of 18.21.

It should also be noted that CMCSA currently has a PEG ratio of 0.91. The price-earnings-growth (PEG) ratio is similar to the widely used price-to-earnings (P/E) ratio, but this metric also takes into account a company’s expected earnings growth rate. The cable TV industry’s average PEG ratio is currently 1.51 as of yesterday’s close.

The cable television industry is part of the discretionary consumer sector. This group has a Zacks Industry Rating of 170, placing it in the bottom 34% of all 250+ industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

To follow the CMCSA in upcoming trading sessions, be sure to use Zacks.com.

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