Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Comcast (CMCSA) has a strong history of beating earnings estimates and is positioned well for continued success in upcoming quarterly reports [1][2]. Earnings Performance - Comcast has consistently exceeded earnings estimates, with an average surprise of 9.95% over the last two quarters [1]. - In the most recent quarter, Comcast reported earnings of $0.84 per share, surpassing the expected $0.80 by 5% [1]. - For the previous quarter, the consensus estimate was $0.94 per share, while Comcast achieved $1.08 per share, resulting in a surprise of 14.89% [1]. Earnings Estimates and Predictions - Recent estimates for Comcast have been revised upward, indicating positive sentiment among analysts [2]. - The Zacks Earnings ESP for Comcast is currently +0.08%, suggesting analysts are optimistic about the company's earnings prospects [3]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]. Upcoming Earnings Report - Comcast's next earnings report is expected to be released on April 25, 2024 [3]. Earnings ESP Metric - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [3]. - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [4].