Comcast shares have returned -19% over the past month, against a +1% gain for the Zacks S&P 500 composite, while the Zacks Cable Television industry lost 20% over the same period. The Zacks Consensus Estimate for the current quarter now stands at $0.98 per share, a year-over-year change of -12.5% and a -2.8% revision over the last 30 days. For the current fiscal year, the consensus earnings estimate of $3.48 points to a -19.3% change from the prior year, and for the next fiscal year the $3.61 estimate indicates a +3.6% change. The consensus sales estimate of $29.48 billion for the current quarter points to a -5.5% year-over-year change, with $120.33 billion and $117.92 billion projected for the current and next fiscal years. Comcast reported revenues of $29.94 billion in the last reported quarter, a -1.2% year-over-year change, with EPS of $1.04 versus $1.25 a year ago, beating the Zacks Consensus Estimate by +2.62% on revenue and +7.22% on EPS. The recent estimate revisions have resulted in a Zacks Rank #4 (Sell) for Comcast, though the stock carries a Zacks Value Style Score of A.
Comcast CorpZacks cut Comcast to Rank #4 (Sell) with downward earnings estimate revisions and a -19% monthly share decline.
