Comcast (CMCSA) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.12%. A quarter ago, it was expected that this cable provider would post earnings of $0.80 per share when it actually produced earnings of $0.84, delivering a surprise of 5%.Over the last four quarters, the company has s ...

Comcast reported first quarter results that outpaced Wall Street expectations, with Peacock reaching 34 million subscribers but seeing higher programming costs erode profits in the Media unit. Total revenue inched up 1% to $30.1 billion, with adjusted earnings per share coming in at $1.04, up from 92 cents in the year-ago period. The Media division, which includes Peacock, reported a nearly 4% gain in revenue, to $6.4 billion. But higher operating expenses, notably higher programming expenses at Peacock, c ...

PRESS RELEASE COMCAST REPORTS 1st QUARTER 2024 RESULTS PHILADELPHIA - April 25, 2024… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2024. “Our team is continuing to execute exceptionally well in a dynamic and competitive marketplace," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. “We delivered double-digit growth in Adjusted EPS and free cash flow while returning $3.6 billion to shareholders, investing aggressively in our bus ...

In this photo illustration, Comcast Corporation logo seen displayed on a tablet.Comcast will report its first-quarter earnings before the bell on Thursday, and Wall Street will be keeping an eye on subscriber on both broadband and streaming subscribers.Broadband, the cornerstone business and revenue driver for Comcast and its cable peers, will likely be the focus. After explosive broadband growth — especially during the height of the pandemic — cable companies have seen a slowdown.Here's how Wall Street exp ...

SweetBabeeJay Comcast stock: Still a buy despite recent rallies I last wrote about Comcast Corporation (NASDAQ:CMCSA) about a year and a half ago. In that article, I argued for a BUY thesis based on Warren Buffett's rule of 10x EBT (earnings before taxes). In particular, I argued that: As a leading stock in the telecom sector, Comcast is trading at its secular bottom valuations. Under current conditions, it’s equivalent to a 10%+ equity bond with coupon growth built-in if you consider their perpetual gr ...

 Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$29.87 billion$31.25 billion$29.69 billionAdjusted Diluted EPS98 cents84 cents92 centsAdjusted Net Income $3.93 billion$3.41 billion$3.88 billion Key Metric: Broadband and Peacock Subscribers Recent quarters have shown Comcast's broadband services losing subscribers due to a number of factors, including competition growing in recent years from companies like Verizon Communications (VZ) and others, as well as the pandemic shift leading to more vacant offi ...

Comcast (CMCSA) is set to report its first-quarter 2024 results on Apr 25.Comcast has been suffering from a challenging macroeconomic environment. Online video streaming service providers, such as Netflix (NFLX) , Disney (DIS) , YouTube and Apple TV+, have become a severe threat to cable TV operators because of solid and diversified content at a cheaper cost. The intensifying competition and cord-cutting have been a headwind for Comcast.Netflix, Comcast’s nearest rival, is benefiting from a strong subscribe ...

The Largest Companies Paying Dividends This Week oracle_images / Flickr Welcome to your quick hit of the biggest players on the block paying out dividends in the coming week. Let’s dive right in and spotlight some of the giants!First up, we have Oracle (ORCL). Oracle, the powerhouse behind many of your favorite software solutions, is set to distribute dividends on April 24th. With a market cap of about $319 billion and a dividend yield of 1.4%, Oracle’s consistent growth in dividends at a rate of 14.3% ov ...

Comcast (CMCSA) closed the latest trading day at $39.62, indicating a +1.62% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. On the other hand, the Dow registered a gain of 0.06%, and the technology-centric Nasdaq decreased by 0.52%.Heading into today, shares of the cable provider had lost 9.54% over the past month, lagging the Consumer Discretionary sector's loss of 5.12% and the S&P 500's loss of 1.66% in that time.The investment communit ...

Comcast (CMCSA) has introduced NOW, a new suite of affordable and no-contract Internet, mobile and streaming TV services. The NOW portfolio is designed to provide consumers with connectivity options that they can purchase month-to-month without long-term commitments.The centerpieces of the new brand are NOW Internet and NOW Mobile. NOW Internet is a prepaid high-speed Internet service that promises more reliability than fixed wireless options at a lower cost. It comes in two speed tiers, 100 Mbps for $30 pe ...