Comcast Set to Announce Q4 Earnings Amid Subscriber Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: seekingalpha
- Earnings Decline: Wall Street anticipates Comcast's Q4 EPS to be $0.76, reflecting a 20.8% year-over-year decline, indicating significant pressure on profitability amid fierce market competition.
- Subscriber Loss Risks: BofA Securities projects a net loss of 200K broadband subscribers for Comcast in Q4, with a broader forecast suggesting cable companies could lose 1 million subscribers by 2026, highlighting intensifying competition.
- Strategic Investments and Ratings: Despite challenges, BofA maintains a Buy rating with a $37 price target, believing that the spin-off of linear networks positions NBCUniversal as a rare growth asset with promising future potential.
- Stock Performance Concerns: Comcast's stock has fallen nearly 25% over the past year, contrasting with a 16% rise in the S&P 500, reflecting market caution regarding its future performance.
Analyst Views on CMCSA
Wall Street analysts forecast CMCSA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMCSA is 33.45 USD with a low forecast of 23.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
7 Buy
12 Hold
3 Sell
Hold
Current: 28.700
Low
23.00
Averages
33.45
High
53.00
Current: 28.700
Low
23.00
Averages
33.45
High
53.00
About CMCSA
Comcast Corporation is a global media and technology company. The Company delivers broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produces, distributes, and streams entertainment, sports, and news through brands, including NBC, Telemundo, Universal, Peacock, and Sky; and brings theme parks and attractions to life through Universal Destinations & Experiences. The Company operates through two primary businesses: Connectivity & Platforms and Content & Experiences. The Connectivity & Platforms business includes two segments: Residential Connectivity & Platforms, and Business Services. Its Connectivity and Content & Experiences business include three segments: Media, Studios and Theme Parks. Sky provides connectivity services to customers across Europe through Sky Broadband, Sky Mobile, and Sky Business. Sky Business extends broadband services and purpose-built products to businesses in Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
