CMCSA Stock Recent News

The headline numbers for Comcast (CMCSA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Comcast (CMCSA) beat analyst estimates for first-quarter revenue and profit Thursday but shares fell as cable and broadband subscriber numbers continued to decline.

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.

Comcast Corp. scored a profit beat for the latest quarter, and that seemed to be overshadowing another drop in broadband subscribers.

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.

Comcast says Peacock revenue in the first quarter increased 54% to $1.1 billion, while paid subscribers jumped 55% to 34 million.

Comcast beat quarterly revenue estimates on Thursday driven by higher-than-expected subscriber growth at its Peacock streaming service and strong attendance at its theme parks.

Comcast will report first-quarter earnings before the bell. Wall Street will be paying attention to broadband and Peacock subscriber numbers.

Comcast Stock Fits The 10x EBT Rule Nicely (Rating Upgrade)

Comcast (CMCSA) is set to report first-quarter earnings before the bell Thursday as the conglomerate hopes to continue adding subscribers to services like Peacock, and reverse the downward trend it has seen in its broadband subscriber base in recent years.